Cormark Cuts Mullen Group (TSE:MTL) Price Target to C$19.75

Mullen Group (TSE:MTL) had its price target dropped by investment analysts at Cormark from C$20.75 to C$19.75 in a note issued to investors on Tuesday,BayStreet.CA reports. Cormark’s target price points to a potential upside of 28.00% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets upped their price objective on shares of Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. National Bankshares raised their price target on shares of Mullen Group from C$18.00 to C$19.00 in a research note on Monday. Raymond James lowered their price objective on Mullen Group from C$18.75 to C$18.50 in a report on Tuesday. CIBC increased their target price on Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. Finally, TD Securities lowered their price target on Mullen Group from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Mullen Group presently has an average rating of “Moderate Buy” and an average target price of C$18.97.

Mullen Group Trading Down 0.2 %

Shares of MTL stock opened at C$15.43 on Tuesday. Mullen Group has a 1-year low of C$12.47 and a 1-year high of C$16.06. The company has a market cap of C$1.35 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 1.81 and a beta of 1.82. The company has a debt-to-equity ratio of 93.56, a current ratio of 0.75 and a quick ratio of 1.06. The stock has a 50 day simple moving average of C$15.00 and a 200-day simple moving average of C$14.10.

About Mullen Group

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.