Mullen Group (TSE:MTL) Price Target Lowered to C$18.50 at Raymond James

Mullen Group (TSE:MTL) had its target price lowered by equities researchers at Raymond James from C$18.75 to C$18.50 in a research report issued on Tuesday,BayStreet.CA reports. Raymond James’ target price would indicate a potential upside of 20.05% from the stock’s current price.

Several other brokerages have also recently weighed in on MTL. BMO Capital Markets boosted their price objective on shares of Mullen Group from C$17.00 to C$20.00 in a research note on Friday, October 25th. TD Securities dropped their price objective 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. CIBC boosted their price objective on Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. Finally, National Bankshares upped their price target on Mullen Group from C$18.00 to C$19.00 in a research report on Monday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Mullen Group currently has a consensus rating of “Moderate Buy” and a consensus target price of C$18.97.

Mullen Group Price Performance

MTL stock traded down C$0.34 during midday trading on Tuesday, reaching C$15.41. 103,891 shares of the stock were exchanged, compared to its average volume of 185,904. Mullen Group has a 52 week low of C$12.47 and a 52 week high of C$16.06. The company has a fifty day moving average price of C$14.96 and a 200 day moving average price of C$14.07. The company has a debt-to-equity ratio of 93.56, a current ratio of 0.75 and a quick ratio of 1.06. The stock has a market capitalization of C$1.35 billion, a PE ratio of 11.51, a P/E/G ratio of 1.81 and a beta of 1.82.

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.