Raymond James Financial Reiterates C$16.75 Price Target for Mullen Group (TSE:MTL)

Key Points

• Raymond James Financial has set a target price of C$16.75 for Mullen Group (TSE:MTL), indicating a potential upside of 21.64% from the current stock price.
• Other analysts have provided varying targets, with CIBC raising their target to C$16.50 and Acumen Capital lowering it to C$17.25, while Royal Bank of Canada reduced theirs significantly to C$14.00.
• The stock is currently trading at C$13.77 with a market capitalization of C$1.23 billion and a price-to-earnings ratio of 9.99.
• Mullen Group operates as a major logistics provider in North America, offering a wide range of services including logistics, warehousing, and specialized transportation.

Mullen Group (TSE:MTL - Get Free Report) received a C$16.75 target price from stock analysts at Raymond James Financial in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Raymond James Financial's price objective suggests a potential upside of 21.64% from the stock's current price.

Other equities research analysts also recently issued reports about the stock. CIBC upped their price target on shares of Mullen Group from C$15.00 to C$16.50 in a report on Thursday, May 22nd. Acumen Capital cut their price target 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. Royal Bank Of Canada cut 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 report on Tuesday, April 22nd. National Bankshares reduced their price objective on shares of Mullen Group from C$19.00 to C$18.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Finally, Cormark dropped their price objective on Mullen Group from C$18.50 to C$17.00 in a report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$17.25.

Mullen Group Price Performance

MTL traded up C$0.49 on Friday, reaching C$13.77. The company had a trading volume of 344,374 shares, compared to its average volume of 235,591. Mullen Group has a one year low of C$11.81 and a one year high of C$16.06. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 120.69. The company has a market capitalization of C$1.23 billion, a P/E ratio of 9.99, a PEG ratio of 1.81 and a beta of 1.82. The company has a fifty day moving average of C$14.13 and a 200-day 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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