Other equities research analysts have also issued reports about the stock. National Bank Financial dropped 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 lowered shares of Mullen Group from an outperform rating to a sector perform rating and dropped their price objective for the stock from C$18.00 to C$17.50 in a report on Thursday, October 12th. TD Securities restated a hold rating and set a C$18.00 price objective on shares of Mullen Group in a report on Tuesday, October 31st. CIBC dropped their price objective on shares of Mullen Group from C$19.00 to C$18.00 in a report on Thursday, December 14th. Finally, Industrial Alliance Securities dropped 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. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Mullen Group currently has a consensus rating of Buy and a consensus price target of C$17.08.
Shares of Mullen Group (TSE MTL) opened at C$14.82 on Tuesday. Mullen Group has a twelve month low of C$14.22 and a twelve month high of C$18.05. The company has a market cap of $1,540.00, a price-to-earnings ratio of 26.00 and a beta of 0.25.
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About Mullen Group
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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