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.
WARNING: This piece of content was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://stocknewstimes.com/2017/11/24/mullen-group-ltd-mtl-given-average-recommendation-of-hold-by-brokerages.html.
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.
Receive News & Ratings for Mullen Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mullen Group Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.