Mullen Group (TSE:MTL) Stock Price Expected to Rise, TD Securities Analyst Says

Key Points

• TD Securities has raised its price target for Mullen Group from C$19.00 to C$20.00, indicating a potential upside of 40.25% from the stock's previous close.
• While six analysts rate the stock as a "Buy," Scotiabank downgraded it from a "strong-buy" to a "hold" with a target price of C$16.00, reflecting mixed sentiment among analysts.
• Mullen Group's stock traded at C$14.26, with a 12-month high of C$16.06 and a market capitalization of C$1.24 billion.

Mullen Group (TSE:MTL - Get Free Report) had its price target lifted by research analysts at TD Securities from C$19.00 to C$20.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' price target would suggest a potential upside of 40.25% from the company's previous close.

A number of other equities analysts have also issued reports on MTL. Scotiabank lowered shares of Mullen Group from a "strong-buy" rating to a "hold" rating and dropped their target price for the stock from C$16.50 to C$16.00 in a research report on Thursday, July 10th. Royal Bank Of Canada boosted their target price on shares of Mullen Group from C$14.00 to C$15.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 8th. Raymond James Financial set a C$16.75 price target on shares of Mullen Group and gave the stock an "outperform" rating in a research note on Friday, July 25th. National Bankshares decreased their price target on shares of Mullen Group from C$17.00 to C$16.50 and set an "outperform" rating on the stock in a research note on Thursday. Finally, Cibc World Mkts downgraded shares of Mullen Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 7th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$17.50.

Mullen Group Stock Performance

MTL stock traded up C$0.04 on Thursday, reaching C$14.26. 328,690 shares of the company were exchanged, compared to its average volume of 224,734. Mullen Group has a 12 month low of C$11.81 and a 12 month high of C$16.06. The stock's fifty day moving average price is C$13.93 and its 200 day moving average price is C$13.73. The firm has a market capitalization of C$1.24 billion, a PE ratio of 12.85, a PEG ratio of 1.81 and a beta of 0.69. The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06.

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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