Desjardins Issues Positive Forecast for Mullen Group (TSE:MTL) Stock Price

by · The Markets Daily

Mullen Group (TSE:MTL – Get Free Report) had its price target increased by equities research analysts at Desjardins from C$18.00 to C$19.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price would suggest a potential upside of 20.56% from the stock’s current price.

MTL has been the topic of a number of other reports. TD Securities raised their target price on shares of Mullen Group from C$19.00 to C$20.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Royal Bank Of Canada lifted their price target on Mullen Group from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Raymond James Financial lowered Mullen Group from a “moderate buy” rating to a “hold” rating in a research report on Monday. BMO Capital Markets increased their price target on shares of Mullen Group from C$16.00 to C$18.00 in a research report on Monday. Finally, National Bankshares cut their price objective on shares of Mullen Group from C$17.00 to C$16.50 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Mullen Group presently has a consensus rating of “Moderate Buy” and an average price target of C$17.40.

Read Our Latest Research Report on Mullen Group

Mullen Group Stock Performance

Shares of MTL stock traded up C$0.06 during trading on Friday, hitting C$15.76. The company’s stock had a trading volume of 173,817 shares, compared to its average volume of 218,301. The company has a market cap of C$1.37 billion, a PE ratio of 14.87, a P/E/G ratio of 1.81 and a beta of 0.67. The business has a fifty day moving average of C$14.40 and a 200-day moving average of C$14.07. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 120.69. Mullen Group has a 52 week low of C$11.81 and a 52 week high of C$15.95.

Mullen Group (TSE:MTL – Get Free Report) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported C$0.36 EPS for the quarter. Mullen Group had a net margin of 6.18% and a return on equity of 12.39%. The business had revenue of C$561.72 million for the quarter.

About Mullen Group

(Get Free Report)

Mullen Group is one of North America’s largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation.

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