Mullen Group (TSE:MTL) Price Target Lowered to C$19.00 at Scotiabank

Mullen Group (TSE:MTL) had its price objective cut by stock analysts at Scotiabank from C$20.00 to C$19.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Scotiabank’s price target would suggest a potential upside of 27.09% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Raymond James dropped their target price on shares of Mullen Group from C$18.75 to C$18.50 in a report on Tuesday, December 10th. National Bankshares increased their price target on shares of Mullen Group from C$18.00 to C$19.00 in a research report on Monday, December 9th. Cormark cut their price objective on Mullen Group from C$20.75 to C$19.75 in a research report on Tuesday, December 10th. CIBC increased their target price on Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. Finally, BMO Capital Markets boosted their price target on Mullen Group from C$17.00 to C$20.00 in a report on Friday, October 25th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$18.97.

Mullen Group Price Performance

Shares of MTL traded down C$0.05 on Monday, reaching C$14.95. The stock had a trading volume of 57,258 shares, compared to its average volume of 183,707. The firm has a 50-day moving average of C$15.15 and a 200 day moving average of C$14.46. The firm has a market capitalization of C$1.31 billion, a PE ratio of 11.16, a PEG ratio of 1.81 and a beta of 1.82. Mullen Group has a twelve month low of C$12.47 and a twelve month high of C$16.06. The company has a quick ratio of 1.06, a current ratio of 0.75 and a debt-to-equity ratio of 93.56.

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.