Mullen Group (TSE:MTL - Get Free Report) was downgraded by Scotiabank from an "outperform" rating to a "sector perform" rating in a report issued on Thursday,BayStreet.CA reports. They presently have a C$16.00 price objective on the stock, down from their previous price objective of C$16.50. Scotiabank's target price suggests a potential upside of 13.80% from the company's current price.
MTL has been the topic of a number of other reports. CIBC boosted their target price on shares of Mullen Group from C$15.00 to C$16.50 in a report on Thursday, May 22nd. TD Securities dropped their price target on shares of Mullen Group from C$21.00 to C$18.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. National Bankshares dropped their price target 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. Raymond James Financial upgraded shares of Mullen Group from a "market perform" rating to an "outperform" rating and dropped their price target for the stock from C$17.00 to C$16.75 in a research report on Thursday, April 24th. Finally, Desjardins set a C$18.00 price target on shares of Mullen Group and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$17.25.
Get Our Latest Stock Report on MTL
Mullen Group Trading Down 1.7%
MTL traded down C$0.25 during trading on Thursday, reaching C$14.06. 229,567 shares of the company's stock were exchanged, compared to its average volume of 225,786. 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 stock has a market capitalization of C$1.25 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The firm has a fifty day moving average price of C$14.05 and a two-hundred day moving average price of C$13.76.
Mullen Group Company Profile
(
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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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