Mullen Group (TSE:MTL) Stock Price Expected to Rise, National Bankshares Analyst Says

Mullen Group (TSE:MTL) had its price objective lifted by stock analysts at National Bankshares from C$18.00 to C$19.00 in a research note issued to investors on Monday,BayStreet.CA reports. National Bankshares’ price target suggests a potential upside of 22.90% from the company’s previous close.

Several other research firms also recently weighed in on MTL. BMO Capital Markets raised their price target on shares of Mullen Group from C$17.00 to C$20.00 in a research note on Friday, October 25th. TD Securities reduced their target price on shares of Mullen Group from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Raymond James lifted their target price on shares of Mullen Group from C$17.25 to C$18.75 in a research note on Friday, October 25th. Finally, CIBC lifted their target price on shares of Mullen Group from C$16.50 to C$17.50 in a research note on Friday, October 25th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Mullen Group presently has an average rating of “Moderate Buy” and an average price target of C$18.97.

Mullen Group Stock Down 1.8 %

Shares of TSE MTL opened at C$15.46 on Monday. The company’s 50-day simple moving average is C$14.98 and its 200-day simple moving average is C$14.09. Mullen Group has a 52-week low of C$12.47 and a 52-week high of C$16.06. The firm has a market cap of C$1.36 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The company has a quick ratio of 1.06, a current ratio of 0.75 and a debt-to-equity ratio of 93.56.

About Mullen Group

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.