Scotiabank Cuts Mullen Group (TSE:MTL) Price Target to C$19.00

Mullen Group (TSE:MTL) had its price target trimmed by Scotiabank from C$20.00 to C$19.00 in a research report released on Monday,BayStreet.CA reports.

A number of other equities research analysts have also issued reports on the stock. CIBC increased their target price on shares of Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. 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. BMO Capital Markets raised their price objective on shares of Mullen Group from C$17.00 to C$20.00 in a report on Friday, October 25th. Raymond James reduced their price objective on shares of Mullen Group from C$18.75 to C$18.50 in a report on Tuesday, December 10th. Finally, National Bankshares increased their target price on shares of Mullen Group from C$18.00 to C$19.00 in a research report on Monday, December 9th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$18.97.

Mullen Group Stock Performance

Mullen Group stock opened at C$14.84 on Monday. The firm has a 50 day simple moving average of C$15.11 and a 200-day simple moving average of C$14.49. Mullen Group has a 1-year low of C$12.47 and a 1-year high of C$16.06. 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$1.30 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82.

Mullen Group (TSE:MTL) last issued its quarterly earnings data on Thursday, October 24th. The company reported C$0.41 EPS for the quarter, topping the consensus estimate of C$0.37 by C$0.04. Mullen Group had a net margin of 6.30% and a return on equity of 12.74%. During the same period last year, the company posted $0.41 EPS.

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.