Mullen Group (MTL) Lowered to “Sector Perform” at National Bank Financial
National Bank Financial lowered shares of Mullen Group (TSE:MTL) from an outperform rating to a sector perform rating in a research note published on Monday morning. The firm currently has C$16.50 target price on the stock, down from their previous target price of C$18.25.
MTL has been the topic of several other research reports. Canaccord Genuity dropped their price objective on Mullen Group from C$19.00 to C$18.00 in a research note on Friday, October 27th. TD Securities restated a hold rating and issued a C$18.00 price objective on shares of Mullen Group in a research note on Tuesday, October 31st. Finally, Scotiabank lowered Mullen Group from an outperform rating to a sector perform rating and dropped their price objective for the company from C$18.00 to C$17.50 in a research note on Thursday, October 12th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of C$17.53.
Shares of Mullen Group (MTL) opened at C$15.15 on Monday. Mullen Group has a 52 week low of C$14.44 and a 52 week high of C$20.32.
About Mullen Group
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.
Receive News & Ratings for Mullen Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mullen Group and related companies with MarketBeat.com's FREE daily email newsletter.