Mullen Group Ltd. (TSE:MTL) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Mullen Group Ltd. has received an average rating of "Moderate Buy" from eight ratings firms, with six issuing buy ratings and two recommending a hold.
• The average 12-month target price for Mullen Group shares is C$17.25, as reported by analysts covering the stock.
• Mullen Group's shares currently trade at C$13.90, with a 52-week low of C$11.81 and a high of C$16.06, while the company has a market cap of C$1.24 billion.

Mullen Group Ltd. (TSE:MTL - Get Free Report) has received an average rating of "Moderate Buy" from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$17.25.

A number of brokerages have weighed in on MTL. Desjardins set a C$18.00 target price on Mullen Group and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Cibc World Mkts lowered shares of Mullen Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 7th. CIBC upped their price target on shares of Mullen Group from C$15.00 to C$16.50 in a research report on Thursday, May 22nd. Acumen Capital reduced their target price on shares of Mullen Group from C$18.25 to C$17.25 and set a "buy" rating for the company in a report on Friday, July 25th. Finally, Raymond James Financial set a C$16.75 target price on shares of Mullen Group and gave the stock an "outperform" rating in a report on Friday, July 25th.

Mullen Group Price Performance

Shares of TSE:MTL opened at C$13.90 on Monday. Mullen Group has a fifty-two week low of C$11.81 and a fifty-two week high of C$16.06. The business has a 50-day simple moving average of C$13.84 and a two-hundred day simple moving average of C$13.49. The company has a debt-to-equity ratio of 120.69, a quick ratio of 1.06 and a current ratio of 1.62. The firm has a market cap of C$1.24 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82.

About Mullen Group

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.

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