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

Mullen Group (TSE:MTL) had its price target cut by 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 target price would suggest a potential upside of 27.09% from the stock’s current price.

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

Mullen Group Stock Down 0.3 %

MTL traded down C$0.05 during trading hours on Monday, hitting C$14.95. 57,258 shares of the company’s stock were exchanged, compared to its average volume of 183,707. The firm has a market cap of C$1.31 billion, a P/E ratio of 11.16, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. Mullen Group has a 12-month low of C$12.47 and a 12-month high of C$16.06. The company has a current ratio of 0.75, a quick ratio of 1.06 and a debt-to-equity ratio of 93.56. The firm has a 50 day moving average of C$15.15 and a 200 day moving average of C$14.46.

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.