Cormark Has Lowered Expectations for Mullen Group (TSE:MTL) Stock Price

by · The Markets Daily

Mullen Group (TSE:MTL – Get Free Report) had its price objective reduced by investment analysts at Cormark from C$20.75 to C$19.75 in a research note issued to investors on Tuesday,BayStreet.CA reports. Cormark’s target price would suggest a potential upside of 28.16% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. TD Securities cut their target price on Mullen Group from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. National Bankshares upped their price target on shares of Mullen Group from C$18.00 to C$19.00 in a research report on Monday. Raymond James reduced their target price on shares of Mullen Group from C$18.75 to C$18.50 in a research note on Tuesday. Finally, CIBC increased their price objective on Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$18.97.

Get Our Latest Stock Report on MTL

Mullen Group Stock Down 2.2 %

Shares of MTL traded down C$0.34 during midday trading on Tuesday, hitting C$15.41. The company had a trading volume of 103,891 shares, compared to its average volume of 185,904. 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 has a 52 week low of C$12.47 and a 52 week high of C$16.06. The company’s 50 day moving average price is C$14.96 and its 200 day moving average price is C$14.07. The stock has a market cap of C$1.35 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 1.81 and a beta of 1.82.

About Mullen Group

(Get Free Report)

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.

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