Mullen Group (TSE:MTL) Given New C$17.25 Price Target at Acumen Capital

Key Points

• Acumen Capital has reduced its price target for Mullen Group from C$18.25 to C$17.25, while maintaining a "buy" rating.
• The current consensus target price among analysts for Mullen Group is C$17.25, representing a potential upside of 25.27% from the stock's previous close.
• Shares of Mullen Group traded up C$0.49 to C$13.77, with a market capitalization of C$1.23 billion.
• Mullen Group has received a consensus rating of "Moderate Buy," with seven buy ratings and two hold ratings from analysts.

Mullen Group (TSE:MTL - Get Free Report) had its target price reduced by equities researchers at Acumen Capital from C$18.25 to C$17.25 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Acumen Capital's price objective indicates a potential upside of 25.27% from the stock's previous close.

A number of other equities research analysts also recently weighed in on the stock. National Bankshares dropped their price target on shares of Mullen Group from C$19.00 to C$18.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Desjardins set a C$18.00 price target on shares of Mullen Group and gave the company a "buy" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada dropped their price target on shares of Mullen Group from C$16.00 to C$14.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Cormark cut their target price on Mullen Group from C$18.50 to C$17.00 in a research note on Thursday, April 24th. Finally, Cibc World Mkts downgraded Mullen Group from a "strong-buy" rating to a "hold" rating in a report on Monday, July 7th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Mullen Group currently has a consensus rating of "Moderate Buy" and a consensus target price of C$17.25.

Mullen Group Price Performance

Shares of TSE MTL traded up C$0.49 during midday trading on Friday, reaching C$13.77. The company's stock had a trading volume of 344,374 shares, compared to its average volume of 235,591. The company has a debt-to-equity ratio of 120.69, a quick ratio of 1.06 and a current ratio of 1.62. Mullen Group has a fifty-two week low of C$11.81 and a fifty-two week high of C$16.06. The business's 50 day moving average price is C$14.13 and its two-hundred day moving average price is C$13.71. The company has a market cap of C$1.23 billion, a P/E ratio of 9.99, a P/E/G ratio of 1.81 and a beta of 1.82.

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.

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