Mullen Group (TSE:MTL) Price Target Cut to C$18.00 by Analysts at TD Securities

Mullen Group (TSE:MTL - Get Free Report) had its price objective reduced by research analysts at TD Securities from C$21.00 to C$18.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' price target would suggest a potential upside of 43.20% from the company's current price.

Other equities analysts have also recently issued research reports about the stock. CIBC dropped their target price on shares of Mullen Group from C$18.00 to C$15.00 in a research report on Thursday, April 10th. Scotiabank dropped their price target on Mullen Group from C$20.00 to C$19.00 in a report on Thursday, January 30th. Finally, Raymond James reduced their price objective on Mullen Group from C$18.50 to C$17.50 in a research note on Friday, February 14th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Mullen Group has a consensus rating of "Moderate Buy" and an average price target of C$18.16.

Mullen Group Stock Up 1.4 %

TSE:MTL traded up C$0.17 during trading hours on Tuesday, hitting C$12.57. 113,211 shares of the company traded hands, compared to its average volume of 270,797. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69. The company has a market cap of C$1.12 billion, a PE ratio of 9.12, a PEG ratio of 1.81 and a beta of 1.82. The firm's 50-day simple moving average is C$12.89 and its 200-day simple moving average is C$14.20. Mullen Group has a one year low of C$11.81 and a one year high of C$16.06.

Insider Activity

In other Mullen Group news, Senior Officer Joanna Kathryn Scott purchased 2,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average price of C$13.23 per share, for a total transaction of C$26,460.00. Over the last ninety days, insiders bought 2,832 shares of company stock worth $37,153. 6.32% of the stock is owned by company insiders.

Mullen Group Company Profile

Mullen Group is one of North America's largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation.