TD Securities Issues Pessimistic Forecast for Mullen Group (TSE:MTL) Stock Price

Mullen Group (TSE:MTL) had its target price lowered 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 presently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 43.54% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Scotiabank dropped their target price on Mullen Group from C$20.00 to C$19.00 in a report on Thursday, January 30th. CIBC lowered their price target on Mullen Group from C$18.00 to C$15.00 in a report on Thursday, April 10th. Finally, Raymond James reduced their price objective on shares of Mullen Group from C$18.50 to C$17.50 in a research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$18.16.

Mullen Group Stock Up 1.6 %

Shares of MTL stock traded up C$0.20 during trading hours on Tuesday, reaching C$12.54. 82,546 shares of the stock were exchanged, compared to its average volume of 271,922. Mullen Group has a 12-month low of C$11.81 and a 12-month high of C$16.06. The business’s fifty day moving average is C$13.03 and its two-hundred day moving average is C$14.25. The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06. The firm has a market capitalization of C$1.12 billion, a P/E ratio of 9.09, a P/E/G ratio of 1.81 and a beta of 1.82.

Insider Buying and Selling at Mullen Group

In related news, Senior Officer Joanna Kathryn Scott bought 2,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were purchased at an average price of C$13.23 per share, for a total transaction of C$26,460.00. Insiders have acquired 2,832 shares of company stock valued at $37,153 over the last quarter. Corporate insiders own 6.32% of the company’s stock.

Mullen Group Company Profile

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.