Mullen Group (TSE:MTL) Price Target Lowered to C$19.00 at Scotiabank

Mullen Group (TSE:MTL) had its price target decreased by research analysts at Scotiabank from C$20.00 to C$19.00 in a note issued to investors on Thursday,BayStreet.CA reports. Scotiabank’s price objective points to a potential upside of 26.25% from the stock’s previous close.

Several other brokerages have also issued reports on MTL. Raymond James dropped their price target on Mullen Group from C$18.75 to C$18.50 in a research note on Tuesday, December 10th. CIBC boosted their price target on Mullen Group from C$16.50 to C$17.50 in a research note on Friday, October 25th. BMO Capital Markets boosted their price target on Mullen Group from C$17.00 to C$20.00 in a research note on Friday, October 25th. National Bankshares upped their target price on Mullen Group from C$18.00 to C$19.00 in a research report on Monday, December 9th. Finally, Cormark lowered their target price on Mullen Group from C$20.75 to C$19.75 in a research report on Tuesday, December 10th. One 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, Mullen Group has an average rating of “Moderate Buy” and an average price target of C$18.97.

Mullen Group Trading Up 0.1 %

MTL traded up C$0.01 during trading on Thursday, hitting C$15.05. The company’s stock had a trading volume of 43,350 shares, compared to its average volume of 176,567. Mullen Group has a twelve month low of C$12.47 and a twelve month high of C$16.06. The company has a quick ratio of 1.06, a current ratio of 0.75 and a debt-to-equity ratio of 93.56. The stock’s fifty day moving average price is C$15.06 and its 200-day moving average price is C$14.56. The firm has a market capitalization of C$1.32 billion, a P/E ratio of 11.23, 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.