Mullen Group (TSE:MTL) Given New C$19.00 Price Target at Scotiabank

Mullen Group (TSE:MTL) had its price objective cut by Scotiabank from C$20.00 to C$19.00 in a report released on Monday,BayStreet.CA reports.

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

Mullen Group Stock Performance

Shares of TSE MTL opened at C$15.02 on Monday. Mullen Group has a 12 month low of C$12.47 and a 12 month high of C$16.06. The company has a market cap of C$1.32 billion, a P/E ratio of 11.21, a P/E/G ratio of 1.81 and a beta of 1.82. The business’s 50 day moving average is C$15.14 and its two-hundred day moving average is C$14.48. The company has a quick ratio of 1.06, a current ratio of 0.75 and a debt-to-equity ratio of 93.56.

About Mullen Group

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.