TD Securities Has Lowered Expectations for Mullen Group (TSE:MTL) Stock Price

Mullen Group (TSE:MTL) had its target price decreased by equities research analysts at TD Securities from C$21.00 to C$18.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 43.54% from the stock’s current price.

A number of other equities research analysts have also recently commented on MTL. CIBC cut their target price on Mullen Group from C$18.00 to C$15.00 in a research note on Thursday, April 10th. Scotiabank dropped their target price on shares of Mullen Group from C$20.00 to C$19.00 in a research note on Thursday, January 30th. Finally, Raymond James lowered their price objective on Mullen Group from C$18.50 to C$17.50 in a research report on Friday, February 14th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$18.16.

Mullen Group Stock Up 1.6 %

MTL stock traded up C$0.20 during midday trading on Tuesday, hitting C$12.54. The stock had a trading volume of 82,546 shares, compared to its average volume of 271,922. Mullen Group has a 52-week low of C$11.81 and a 52-week high of C$16.06. The firm has a market cap of C$1.12 billion, a price-to-earnings ratio of 9.09, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06. The business has a 50-day moving average of C$13.03 and a two-hundred day moving average of C$14.25.

Insider Buying and Selling

In other Mullen Group news, Senior Officer Joanna Kathryn Scott acquired 2,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was bought at an average price of C$13.23 per share, for a total transaction of C$26,460.00. Insiders acquired a total of 2,832 shares of company stock valued at $37,153 over the last 90 days. Insiders own 6.32% of the company’s stock.

Mullen Group Company Profile

Mullen Group is one of North America’s largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation.