Mullen Group (TSE:MTL)‘s stock had its “outperform” rating reiterated by stock analysts at CIBC in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. They presently have a C$14.75 target price on the stock. CIBC’s target price points to a potential upside of 10.32% from the company’s current price.
MTL has been the subject of several other reports. Raymond James set a C$13.50 price objective on Mullen Group and gave the stock a “market perform” rating in a report on Thursday. Cormark lifted their price objective on Mullen Group from C$15.50 to C$16.00 and gave the stock a “buy” rating in a report on Friday, July 2nd. National Bankshares lifted their price objective on Mullen Group from C$14.50 to C$15.25 and gave the stock an “outperform” rating in a report on Monday, April 19th. TD Securities lifted their price objective on Mullen Group from C$18.00 to C$18.50 and gave the stock a “buy” rating in a report on Thursday. Finally, Royal Bank of Canada reissued an “outperform” rating and set a C$15.00 price target on shares of Mullen Group in a research report on Monday, July 5th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of C$15.23.
Shares of MTL traded up C$0.67 during mid-day trading on Thursday, hitting C$13.37. The company’s stock had a trading volume of 552,982 shares, compared to its average volume of 288,597. The company has a debt-to-equity ratio of 67.25, a current ratio of 3.30 and a quick ratio of 2.86. The business has a 50-day moving average of C$12.90. The stock has a market capitalization of C$1.30 billion and a price-to-earnings ratio of 18.24. Mullen Group has a 1-year low of C$8.28 and a 1-year high of C$13.95.
About Mullen Group
Mullen Group Ltd. provides trucking and logistics services in Canada and the United States. The company operates through three segments: Less-Than-Truckload, Logistics & Warehousing, and Specialized & Industrial Services. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products.
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