Scotiabank Lowers Mullen Group (TSE:MTL) Price Target to C$19.00

Mullen Group (TSE:MTL) had its target price trimmed by Scotiabank from C$20.00 to C$19.00 in a report published on Monday,BayStreet.CA reports.

A number of other equities research analysts also recently weighed in on the stock. National Bankshares upped their price target on shares of Mullen Group from C$18.00 to C$19.00 in a report on Monday, December 9th. Raymond James reduced their price target on shares of Mullen Group from C$18.75 to C$18.50 in a research report on Tuesday, December 10th. BMO Capital Markets increased their price target on shares of Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. CIBC increased their price objective on Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. Finally, Cormark lowered their price target on Mullen Group from C$20.75 to C$19.75 in a report on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.97.

Mullen Group Stock Up 0.1 %

Shares of TSE:MTL opened at C$14.84 on Monday. The stock has a market capitalization of C$1.30 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. Mullen Group has a 1-year low of C$12.47 and a 1-year high of C$16.06. The company’s fifty day moving average is C$15.11 and its two-hundred day moving average is C$14.49. The company has a debt-to-equity ratio of 93.56, a quick ratio of 1.06 and a current ratio of 0.75.

Mullen Group (TSE:MTL) last released its quarterly earnings results on Thursday, October 24th. The company reported C$0.41 EPS for the quarter, topping the consensus estimate of C$0.37 by C$0.04. Mullen Group had a net margin of 6.30% and a return on equity of 12.74%. During the same quarter last year, the company earned $0.41 earnings per share.

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.