Mullen Group (TSE:MTL) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Mullen Group (TSE:MTL) had its price objective upped by analysts at Royal Bank Of Canada from C$15.00 to C$17.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 18.06% from the stock’s previous close.

A number of other research firms have also issued reports on MTL. Raymond James Financial set a C$16.75 target price on shares of Mullen Group and gave the stock an “outperform” rating in a report on Friday, July 25th. Acumen Capital cut their price objective on Mullen Group from C$18.25 to C$17.25 and set a “buy” rating on the stock in a research report on Friday, July 25th. National Bankshares reduced their price objective on Mullen Group from C$17.00 to C$16.50 and set an “outperform” rating on the stock in a research note on Thursday. TD Securities boosted their target price on Mullen Group from C$19.00 to C$20.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Scotiabank downgraded Mullen Group from a “strong-buy” rating to a “hold” rating and cut their price target for the stock from C$16.50 to C$16.00 in a report on Thursday, July 10th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$17.22.

Mullen Group Stock Up 0.3%

Shares of MTL opened at C$14.40 on Thursday. The stock has a market capitalization of C$1.25 billion, a PE ratio of 12.97, a P/E/G ratio of 1.81 and a beta of 0.69. Mullen Group has a 1 year low of C$11.81 and a 1 year high of C$16.06. The company has a debt-to-equity ratio of 120.69, a quick ratio of 1.06 and a current ratio of 1.62. The company’s 50-day simple moving average is C$13.96 and its 200-day simple moving average is C$13.76.

About Mullen Group

Mullen Group is one of North America’s largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation.