Mullen Group Ltd. (TSE:MTL) Given Average Rating of “Moderate Buy” by Analysts

Mullen Group Ltd. (TSE:MTL) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$17.40.

A number of brokerages have recently weighed in on MTL. Royal Bank Of Canada increased their price target on Mullen Group from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. National Bankshares lowered their price objective on Mullen Group from C$17.00 to C$16.50 and set an “outperform” rating for the company in a research note on Thursday, October 23rd. Desjardins increased their target price on Mullen Group from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. TD Securities raised their target price on Mullen Group from C$19.00 to C$20.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Raymond James Financial lowered shares of Mullen Group from a “moderate buy” rating to a “hold” rating in a research report on Monday, December 8th.

Mullen Group Trading Up 0.6%

TSE MTL opened at C$16.21 on Friday. The company has a debt-to-equity ratio of 120.69, a quick ratio of 1.06 and a current ratio of 1.62. Mullen Group has a one year low of C$11.81 and a one year high of C$16.32. The company has a 50-day simple moving average of C$14.81 and a 200-day simple moving average of C$14.22. The firm has a market capitalization of C$1.41 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 1.81 and a beta of 0.67.

Mullen Group (TSE:MTL) last released its quarterly earnings data on Wednesday, October 22nd. The company reported C$0.36 earnings per share for the quarter. Mullen Group had a net margin of 6.18% and a return on equity of 12.39%. The firm had revenue of C$561.72 million for the quarter.

About Mullen Group

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. Mullen also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.