CIBC Boosts Mullen Group (TSE:MTL) Price Target to C$14.75

Last updated on Sunday, April 25, 2021 | 2021 MarketBeat

Mullen Group (TSE:MTL) had its price target increased by analysts at CIBC from C$14.25 to C$14.75 in a report issued on Sunday, BayStreet.CA reports. CIBC's price objective indicates a potential upside of 10.99% from the stock's current price.

A number of other research firms have also recently weighed in on MTL. Canaccord Genuity increased their price target on Mullen Group from C$10.50 to C$11.50 in a report on Thursday, January 7th. TD Securities raised their price target on Mullen Group from C$16.00 to C$17.00 and gave the stock a "buy" rating in a research note on Thursday. Royal Bank of Canada raised their price target on Mullen Group from C$13.00 to C$15.00 and gave the company an "outperform" rating in a report on Friday. Cormark lifted their price objective on Mullen Group from C$14.25 to C$15.50 and gave the stock a "na" rating in a report on Tuesday, April 20th. Finally, Raymond James reaffirmed a "market perform" rating and issued a C$12.50 price objective on shares of Mullen Group in a research report on Monday, April 19th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of "Buy" and a consensus price target of C$14.60.

MTL stock opened at C$13.29 on Friday. The company has a debt-to-equity ratio of 67.25, a current ratio of 3.30 and a quick ratio of 2.86. The business has a 50-day moving average price of C$12.31 and a 200 day moving average price of C$10.83. The company has a market capitalization of C$1.29 billion and a P/E ratio of 18.13. Mullen Group has a 1-year low of C$4.77 and a 1-year high of C$13.85.

Mullen Group (TSE:MTL) last issued its earnings results on Wednesday, February 10th. The company reported C$0.10 EPS for the quarter, missing the Zacks' consensus estimate of C$0.14 by C($0.04). The company had revenue of C$297.70 million during the quarter, compared to analysts' expectations of C$296.30 million. On average, analysts anticipate that Mullen Group will post 0.8100001 earnings per share for the current fiscal year.

Mullen Group Company Profile

Mullen Group Ltd. provides trucking and logistics services in Canada and the United States. The company operates through three segments: Less-Than-Truckload, Logistics & Warehousing, and Specialized & Industrial Services. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products.

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Analyst Recommendations for Mullen Group (TSE:MTL)

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