Mullen Group Ltd. (MTL) Receives Average Rating of “Hold” from Brokerages

Shares of Mullen Group Ltd. (TSE:MTL) have received a consensus recommendation of “Hold” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$17.81.

MTL has been the topic of a number of recent analyst reports. Scotiabank reaffirmed an “outperform” rating and issued a C$18.00 target price on shares of Mullen Group in a research note on Wednesday, July 26th. National Bank Financial raised shares of Mullen Group from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$18.00 to C$18.75 in a research note on Tuesday, July 25th. Raymond James Financial, Inc. raised their target price on shares of Mullen Group from C$15.25 to C$15.75 and gave the company a “market perform” rating in a research note on Thursday, July 27th. TD Securities reaffirmed a “hold” rating and issued a C$18.00 target price on shares of Mullen Group in a research note on Tuesday, October 31st. Finally, Canaccord Genuity lowered their target price on shares of Mullen Group from C$19.00 to C$18.00 in a research note on Friday, October 27th.

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Shares of Mullen Group (TSE MTL) traded up C$0.05 on Friday, reaching C$15.43. 65,295 shares of the company were exchanged, compared to its average volume of 114,222. Mullen Group has a 1-year low of C$14.49 and a 1-year high of C$20.32.

About Mullen Group

Mullen Group Ltd is a Canada-based supplier of trucking and logistics services. It operates through two operating segments: Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment consists of over 10 Business Units, offering a range of truckload and less-than-truckload (LTL) general freight services to customers in Canada and the United States, such as transporting goods, including general freight; commodities, such as cable, pipe and steel; over-dimensional loads, such as heavy equipment and compressors, and dry bulk commodities, such as cement and frac sand.

Analyst Recommendations for Mullen Group (TSE:MTL)

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