Raymond James Issues Pessimistic Forecast for Mullen Group (TSE:MTL) Stock Price

Mullen Group (TSE:MTL) had its target price decreased by stock analysts at Raymond James from C$18.75 to C$18.50 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Raymond James’ target price suggests a potential upside of 19.90% from the stock’s previous close.

Several other equities research analysts also recently commented on the company. TD Securities dropped their target price on Mullen Group from C$22.00 to C$21.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. CIBC upped their price target on shares of Mullen Group from C$16.50 to C$17.50 in a research note on Friday, October 25th. BMO Capital Markets raised their price objective on shares of Mullen Group from C$17.00 to C$20.00 in a research note on Friday, October 25th. Finally, National Bankshares upped their target price on shares of Mullen Group from C$18.00 to C$19.00 in a research note on Monday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$18.97.

Mullen Group Stock Performance

Shares of MTL opened at C$15.43 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 0.75 and a debt-to-equity ratio of 93.56. The stock has a market cap of C$1.35 billion, a P/E ratio of 11.51, a P/E/G ratio of 1.81 and a beta of 1.82. The business’s 50 day moving average price is C$15.00 and its 200-day moving average price is C$14.10. Mullen Group has a 52 week low of C$12.47 and a 52 week high of C$16.06.

Mullen Group Company Profile

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.