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

Mullen Group (TSE:MTLGet Free Report) had its price objective reduced by analysts at Scotiabank from C$20.00 to C$19.00 in a research note issued on Thursday,BayStreet.CA reports. Scotiabank’s price target suggests a potential upside of 26.25% from the company’s previous close.

MTL has been the topic of several other research reports. BMO Capital Markets raised their price target on Mullen Group from C$17.00 to C$20.00 in a report on Friday, October 25th. National Bankshares raised their price target on Mullen Group from C$18.00 to C$19.00 in a report on Monday, December 9th. Cormark reduced their price objective on Mullen Group from C$20.75 to C$19.75 in a research report on Tuesday, December 10th. Raymond James reduced their price objective on Mullen Group from C$18.75 to C$18.50 in a research report on Tuesday, December 10th. Finally, CIBC increased their price objective on Mullen Group from C$16.50 to C$17.50 in a research report on Friday, October 25th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$18.97.

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Mullen Group Price Performance

MTL traded up C$0.01 during trading on Thursday, reaching C$15.05. 43,350 shares of the company were exchanged, compared to its average volume of 176,567. The company’s 50-day moving average is C$15.06 and its two-hundred day moving average is C$14.56. 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 price-to-earnings ratio of 11.23, a P/E/G ratio of 1.81 and a beta of 1.82. 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

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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.

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