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.
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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.
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