Mullen Group (TSE:MTL) Price Target Cut to C$10.00 by Analysts at Canaccord Genuity
Mullen Group (TSE:MTL) had its target price cut by Canaccord Genuity from C$10.50 to C$10.00 in a research report sent to investors on Friday morning, BayStreet.CA reports.
Other analysts have also issued reports about the company. GMP Securities upgraded Mullen Group from a reduce rating to a hold rating and boosted their target price for the company from C$8.75 to C$9.50 in a research note on Friday, July 26th. BMO Capital Markets lowered their target price on Mullen Group from C$13.00 to C$12.00 in a research note on Friday, July 26th. National Bank Financial lowered Mullen Group from an outperform rating to a sector perform rating and lowered their target price for the company from C$13.00 to C$11.00 in a research note on Thursday, August 15th. Royal Bank of Canada lowered their target price on Mullen Group from C$15.00 to C$14.00 and set an outperform rating on the stock in a research note on Friday, April 26th. Finally, Raymond James restated a strong-buy rating and issued a C$12.50 target price on shares of Mullen Group in a research note on Thursday, July 25th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of C$12.00.
Shares of MTL opened at C$9.16 on Friday. The firm has a market cap of $924.56 million and a PE ratio of -59.10. The stock’s fifty day moving average price is C$9.58 and its two-hundred day moving average price is C$10.75. The company has a debt-to-equity ratio of 67.24, a current ratio of 3.18 and a quick ratio of 2.69. Mullen Group has a 1 year low of C$8.65 and a 1 year high of C$16.93.
Mullen Group Company Profile
Mullen Group Ltd. provides transportation and oilfield services in Canada and the United States. It operates in two segments, Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment transports general freight; cables, and pipe and steel products; and dry bulk commodities comprising cement and frac sand, as well as over-dimensional loads, such as heavy equipment, compressors and over-sized goods.
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