Mullen Group (TSE:MTL) had its price objective dropped by research analysts at Royal Bank of Canada from C$15.00 to C$14.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 30.48% from the company’s current price.
Several other analysts also recently commented on the company. GMP Securities lowered their price objective on Mullen Group from C$13.50 to C$12.50 in a research note on Friday, February 8th. Raymond James reissued an “outperform” rating and issued a C$15.25 price objective on shares of Mullen Group in a research note on Thursday, February 7th. TD Securities increased their price objective on Mullen Group from C$12.50 to C$14.00 and gave the stock a “hold” rating in a research note on Thursday, February 7th. BMO Capital Markets lowered their price objective on Mullen Group from C$16.00 to C$13.00 in a research note on Friday, February 8th. Finally, National Bank Financial lowered their price objective on Mullen Group from C$18.50 to C$16.50 and set an “outperform” rating for the company in a research note on Friday, January 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Mullen Group currently has an average rating of “Buy” and a consensus price target of C$15.02.
Shares of Mullen Group stock traded down C$1.46 on Friday, hitting C$10.73. The company had a trading volume of 956,038 shares, compared to its average volume of 314,778. The company has a market cap of $1.27 billion and a PE ratio of -25.55. Mullen Group has a 1 year low of C$10.69 and a 1 year high of C$16.93. The company has a quick ratio of 1.61, a current ratio of 1.94 and a debt-to-equity ratio of 57.03.
About Mullen Group
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.
Featured Article: Overbought
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.