Mullen Group Ltd. (TSE:MTL) Stock Has Consensus Price Target of C$30.22 According to Analysts

Shares of Mullen Group Ltd. (TSE:MTL) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$30.22.

Several equities analysts have commented on MTL shares. BMO Capital Markets raised their price objective on Mullen Group from C$25.00 to C$32.00 in a research report on Friday, July 24th. Desjardins lifted their price objective on Mullen Group from C$30.00 to C$31.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. Scotia boosted their target price on Mullen Group from C$30.00 to C$33.00 and gave the stock a “sector perform” rating in a report on Friday, October 23rd. Royal Bank Of Canada increased their target price on Mullen Group from C$32.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Friday, October 23rd. Finally, Scotiabank raised their price target on Mullen Group from C$29.00 to C$30.00 and gave the company a “sector perform” rating in a report on Thursday, October 15th.

Mullen Group Trading Down 0.6%

Shares of Mullen Group stock opened at C$29.50 on Friday. Mullen Group has a 12-month low of C$13.92 and a 12-month high of C$32.47. The company has a market cap of C$2.83 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 1.81 and a beta of 0.83. The company has a current ratio of 2.18, a quick ratio of 1.06 and a debt-to-equity ratio of 86.15. The company’s 50-day moving average price is C$26.69 and its 200-day moving average price is C$21.93.

Mullen Group (TSE:MTL) last issued its quarterly earnings results on Thursday, October 22nd. The company reported C$0.52 EPS for the quarter. Mullen Group had a net margin of 5.25% and a return on equity of 10.58%. The firm had revenue of C$653.17 million for the quarter.

Mullen Group Company Profile

Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, warehousing and distribution services through a network of independently operated businesses. Service offerings include less-than-truckload, customs brokerage, truckload, warehousing, logistics, transload, oversized, third-party logistics and specialized hauling transportation.