Mullen Group (TSE:MTL) Price Target Cut to C$19.00 by Analysts at Scotiabank

Mullen Group (TSE:MTL) had its target price reduced by analysts at Scotiabank from C$20.00 to C$19.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Scotiabank’s price objective indicates a potential upside of 27.52% from the stock’s previous close.

MTL has been the topic of several other research reports. CIBC upped their price objective on shares of Mullen Group from C$16.50 to C$17.50 in a research note on Friday, October 25th. BMO Capital Markets increased their price objective on Mullen Group from C$17.00 to C$20.00 in a report on Friday, October 25th. Cormark lowered their target price on Mullen Group from C$20.75 to C$19.75 in a research note on Tuesday, December 10th. National Bankshares lifted their price target on Mullen Group from C$18.00 to C$19.00 in a report on Monday, December 9th. Finally, Raymond James dropped their price objective on Mullen Group from C$18.75 to C$18.50 in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$18.97.

Mullen Group Trading Down 0.7 %

Shares of TSE MTL opened at C$14.90 on Thursday. The company has a current ratio of 0.75, a quick ratio of 1.06 and a debt-to-equity ratio of 93.56. Mullen Group has a one year low of C$12.47 and a one year high of C$16.06. The business has a 50-day moving average price of C$15.04 and a two-hundred day moving average price of C$14.57. The firm has a market capitalization of C$1.31 billion, a PE ratio of 11.12, a PEG ratio of 1.81 and a beta of 1.82.

Mullen Group Company Profile

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.