Scotiabank Has Lowered Expectations for Mullen Group (TSE:MTL) Stock Price

Mullen Group (TSE:MTL) had its price target cut by equities research analysts at Scotiabank from C$20.00 to C$19.00 in a research report issued on Thursday,BayStreet.CA reports. Scotiabank’s target price would indicate a potential upside of 27.52% from the company’s current price.

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

Mullen Group Stock Down 0.7 %

MTL opened at C$14.90 on Thursday. The stock’s 50 day moving average price is C$15.04 and its 200 day moving average price is C$14.57. The company has a debt-to-equity ratio of 93.56, a current ratio of 0.75 and a quick ratio of 1.06. The stock has a market cap of C$1.31 billion, a P/E ratio of 11.12, a P/E/G ratio of 1.81 and a beta of 1.82. Mullen Group has a 12 month low of C$12.47 and a 12 month high of C$16.06.

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.