Mullen Group (TSE:MTL) Price Target Cut to C$18.00 by Analysts at TD Securities

Mullen Group (TSE:MTL) had its price target reduced by equities research analysts at TD Securities from C$21.00 to C$18.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 45.16% from the company’s previous close.

A number of other research analysts have also commented on MTL. CIBC decreased their price target on shares of Mullen Group from C$18.00 to C$15.00 in a research note on Thursday, April 10th. Scotiabank decreased their target price on Mullen Group from C$20.00 to C$19.00 in a research report on Thursday, January 30th. Finally, Raymond James dropped their price target on Mullen Group from C$18.50 to C$17.50 in a report on Friday, February 14th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$18.16.

Mullen Group Price Performance

TSE:MTL opened at C$12.40 on Tuesday. The company has a market cap of C$1.10 billion, a P/E ratio of 8.99, a P/E/G ratio of 1.81 and a beta of 1.82. The firm’s fifty day moving average price is C$12.95 and its two-hundred day moving average price is C$14.23. Mullen Group has a one year low of C$11.81 and a one year high of C$16.06. The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06.

Insiders Place Their Bets

In other news, Senior Officer Joanna Kathryn Scott acquired 2,000 shares of Mullen Group stock in a transaction on Tuesday, February 25th. The shares were purchased at an average cost of C$13.23 per share, for a total transaction of C$26,460.00. Insiders have purchased a total of 2,832 shares of company stock worth $37,153 in the last 90 days. Company insiders own 6.32% of the company’s stock.

About Mullen Group

Mullen Group is one of North America’s largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation.