Mullen Group (TSE:MTL) Given New C$20.00 Price Target at BMO Capital Markets

Mullen Group (TSE:MTL - Get Free Report) had its price objective hoisted by equities research analysts at BMO Capital Markets from C$17.00 to C$20.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. BMO Capital Markets' target price suggests a potential upside of 31.06% from the company's previous close.

Several other equities research analysts have also commented on the stock. Cormark lifted their price target on shares of Mullen Group from C$18.75 to C$19.50 in a research note on Friday, July 26th. CIBC lifted their price target on shares of Mullen Group from C$16.50 to C$17.50 in a research note on Friday. Raymond James lifted their price target on shares of Mullen Group from C$17.25 to C$18.75 in a research note on Friday. TD Securities lowered their price objective on shares of Mullen Group from C$22.00 to C$21.00 and set a "buy" rating on the stock in a research report on Wednesday, September 11th. Finally, Royal Bank of Canada raised their price objective on shares of Mullen Group from C$16.00 to C$17.00 in a research report on Friday, July 26th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$18.86.

Mullen Group Stock Down 1.6 %

Shares of MTL traded down C$0.25 during midday trading on Friday, reaching C$15.26. The stock had a trading volume of 496,391 shares, compared to its average volume of 195,114. Mullen Group has a 1-year low of C$12.47 and a 1-year high of C$15.72. The company's fifty day simple moving average is C$14.31 and its two-hundred day simple moving average is C$13.78. The company has a market cap of C$1.34 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.81 and a beta of 1.82. The company has a debt-to-equity ratio of 93.56, a current ratio of 0.75 and a quick ratio of 1.06.

Mullen Group (TSE:MTL - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The company reported C$0.37 EPS for the quarter, topping the consensus estimate of C$0.30 by C$0.07. Mullen Group had a net margin of 6.30% and a return on equity of 12.74%. The firm had revenue of C$495.60 million for the quarter, compared to analyst estimates of C$490.50 million.

Mullen Group Company Profile

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.