Mullen Group (TSE:MTL) Price Target Raised to C$19.00

Key Points

• Analysts at TD Securities raised Mullen Group's price target from C$18.00 to C$19.00, indicating a potential upside of 37.98% from its previous close.
• Mullen Group's stock price increased by 3.7%, trading at C$13.77 on Friday, with a market cap of C$1.23 billion.
• Currently, Mullen Group holds a consensus rating of "Moderate Buy", with seven analysts recommending a buy and two analysts rating it as hold.
• The stock's 52-week performance shows a low of C$11.81 and a high of C$16.06, with significant fluctuations observed over the past months.

Mullen Group (TSE:MTL - Get Free Report) had its price target raised by analysts at TD Securities from C$18.00 to C$19.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' price target points to a potential upside of 37.98% from the stock's previous close.

Several other equities analysts have also recently commented on the stock. Raymond James Financial raised shares of Mullen Group from a "market perform" rating to an "outperform" rating and reduced their price objective for the company from C$17.00 to C$16.75 in a research note on Thursday, April 24th. CIBC upped their price objective on shares of Mullen Group from C$15.00 to C$16.50 in a report on Thursday, May 22nd. National Bankshares cut their price objective on shares of Mullen Group from C$19.00 to C$18.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Acumen Capital dropped their price objective on shares of Mullen Group from C$18.75 to C$18.25 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Cibc World Mkts downgraded shares of Mullen Group from a "strong-buy" rating to a "hold" rating in a report on Monday, July 7th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$17.25.

Mullen Group Stock Up 3.7%

Shares of MTL traded up C$0.49 during trading hours on Friday, reaching C$13.77. 344,374 shares of the stock traded hands, compared to its average volume of 235,591. The company has a market cap of C$1.23 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 1.81 and a beta of 1.82. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 120.69. Mullen Group has a 52 week low of C$11.81 and a 52 week high of C$16.06. The stock has a fifty day simple moving average of C$14.13 and a 200 day simple moving average of C$13.71.

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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