Mullen Group Ltd. (MTL) Given Average Recommendation of “Hold” by Brokerages

Shares of Mullen Group Ltd. (TSE:MTL) have received an average rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$17.81.

Several analysts recently commented on MTL shares. Canaccord Genuity reduced their target price on Mullen Group from C$19.00 to C$18.00 in a report on Friday, October 27th. TD Securities reiterated a “hold” rating and issued a C$18.00 target price on shares of Mullen Group in a report on Tuesday, October 31st. Raymond James Financial, Inc. upped their target price on Mullen Group from C$15.25 to C$15.75 and gave the company a “market perform” rating in a report on Thursday, July 27th. National Bank Financial reduced their target price on Mullen Group from C$18.75 to C$18.25 and set an “outperform” rating on the stock in a report on Thursday, October 26th. Finally, Scotiabank cut Mullen Group from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$18.00 to C$17.50 in a report on Thursday, October 12th.

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Shares of Mullen Group (TSE MTL) traded up C$0.09 during mid-day trading on Friday, reaching C$15.64. The company had a trading volume of 117,457 shares, compared to its average volume of 156,728. Mullen Group has a 1-year low of C$14.49 and a 1-year high of C$20.32.

Mullen Group Company Profile

Mullen Group Ltd is a Canada-based supplier of trucking and logistics services. It operates through two operating segments: Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment consists of over 10 Business Units, offering a range of truckload and less-than-truckload (LTL) general freight services to customers in Canada and the United States, such as transporting goods, including general freight; commodities, such as cable, pipe and steel; over-dimensional loads, such as heavy equipment and compressors, and dry bulk commodities, such as cement and frac sand.

Analyst Recommendations for Mullen Group (TSE:MTL)

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