Mullen Group (MTL) Given New C$18.00 Price Target at CIBC

Mullen Group (TSE:MTL) had its target price trimmed by CIBC from C$19.00 to C$18.00 in a report published on Thursday morning.

Other equities analysts also recently issued reports about the stock. National Bank Financial decreased their price objective on shares of Mullen Group from C$18.75 to C$18.25 and set an outperform rating on the stock in a report on Thursday, October 26th. Scotiabank downgraded shares of Mullen Group from an outperform rating to a sector perform rating and decreased their price objective for the company from C$18.00 to C$17.50 in a report on Thursday, October 12th. TD Securities reiterated a hold rating and issued a C$18.00 price objective on shares of Mullen Group in a report on Tuesday, October 31st. Canaccord Genuity decreased their price objective on shares of Mullen Group from C$19.00 to C$18.00 in a report on Friday, October 27th. Finally, Industrial Alliance Securities decreased their price objective on shares of Mullen Group from C$20.00 to C$19.00 and set a strong-buy rating on the stock in a report on Tuesday, December 12th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of C$17.42.

Shares of Mullen Group (MTL) opened at C$15.00 on Thursday. Mullen Group has a 1 year low of C$14.44 and a 1 year high of C$20.32.

TRADEMARK VIOLATION WARNING: This report was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this report can be read at https://sportsperspectives.com/2017/12/18/mullen-group-mtl-given-new-c18-00-price-target-at-cibc.html.

Mullen Group Company Profile

Mullen Group Ltd is a Canada-based supplier of trucking and logistics services. It operates through two operating segments: Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment consists of over 10 Business Units, offering a range of truckload and less-than-truckload (LTL) general freight services to customers in Canada and the United States, such as transporting goods, including general freight; commodities, such as cable, pipe and steel; over-dimensional loads, such as heavy equipment and compressors, and dry bulk commodities, such as cement and frac sand.

Analyst Recommendations for Mullen Group (TSE:MTL)

Receive News & Ratings for Mullen Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mullen Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply