Mullen Group Ltd. (MTL) Receives Average Recommendation of “Hold” from Analysts
Shares of Mullen Group Ltd. (TSE:MTL) have been assigned an average rating of “Buy” from the nine brokerages that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$17.53.
A number of equities analysts have commented on the company. Scotiabank reduced their target price on Mullen Group from C$17.00 to C$16.50 and set a “sector perform” rating for the company in a report on Thursday. CIBC reduced their target price on Mullen Group from C$19.00 to C$18.00 in a report on Thursday. National Bank Financial reduced their target price on Mullen Group from C$18.75 to C$18.25 and set an “outperform” rating for the company in a report on Thursday, October 26th. TD Securities reissued a “hold” rating and set a C$18.00 target price on shares of Mullen Group in a report on Tuesday, October 31st. Finally, Canaccord Genuity reduced their target price on Mullen Group from C$19.00 to C$18.00 in a report on Friday, October 27th.
Mullen Group (MTL) opened at C$15.15 on Friday. Mullen Group has a fifty-two week low of C$14.44 and a fifty-two week high of C$20.32.
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Mullen Group Company Profile
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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