Mullen Group stock earns ‘hold’ rating by brokerages

TORONTO, ON – Shares of Mullen Group have received a consensus recommendation of “hold” from eight ratings firms currently covering the company, according to AnalystRatingsNetwork.

Six analysts have rated the Canadian transportation company’s stock with a hold recommendation and one has given a buy recommendation to the company.

The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$25.13.

MTL has been the subject of a number of recent research reports.

  • Analysts at TD Securities lowered their price target on shares of Mullen Group from C$25.00 to C$23.00 and set a “hold” rating on Jan. 12
  • Analysts at Scotiabank lowered their price target on shares of Mullen Group from C$27.00 to C$23.25 and set an “outperform” rating on the stock on Dec.19.
  • Analysts at RBC Capital lowered their price target on shares of Mullen Group from C$22.00 to C$20.00 and set a “sector perform” rating on the stock on Dec. 19.
  • Analysts at Raymond James lowered their price target on shares of Mullen Group from C$25.00 to C$22.75 on Dec.15.

Shares of Mullen Group (“MTL” on the Toronto Stock Exchange) has a one year low of $18.11 and a one year high of $31.34. The stock’s 50-day moving average is $20.57 and its 200-day moving average is $24.77. The company has a market cap of $1.745 billion and a price-to-earnings ratio of 18.79.

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