Could Mullen Group Ltd Recover After Today’s Huge Decline?

 Could Mullen Group Ltd Recover After Today's Huge Decline?

The stock of Mullen Group Ltd (TSE:MTL) is a huge mover today! About 26,680 shares traded hands. Mullen Group Ltd (TSE:MTL) has risen 9.41% since March 10, 2016 and is uptrending. It has outperformed by 3.80% the S&P500.
The move comes after 9 months negative chart setup for the $1.74B company. It was reported on Oct, 17 by We have $15.19 PT which if reached, will make TSE:MTL worth $156.60 million less.

Mullen Group Ltd (TSE:MTL) Ratings Coverage

Out of 5 analysts covering Mullen Group (TSE:MTL), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. $22.5 is the highest target while $14 is the lowest. The $17.47 average target is 4.67% above today’s ($16.69) stock price. Mullen Group has been the topic of 25 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, October 22. The firm has “Outperform” rating given on Friday, July 22 by RBC Capital Markets. IBC upgraded the shares of MTL in a report on Thursday, January 14 to “Sector Performer” rating. The firm has “Buy” rating by Cormark Securities given on Wednesday, October 14. The stock of Mullen Group Ltd (TSE:MTL) earned “Outperform” rating by Raymond James on Friday, November 20. The firm earned “Sector Outperform” rating on Thursday, July 23 by Scotia Capital. The company was upgraded on Friday, July 24 by Raymond James. The firm earned “Sector Perform” rating on Thursday, November 26 by RBC Capital Markets. The firm earned “Sector Outperform” rating on Thursday, October 22 by Scotia Capital. The rating was downgraded by Raymond James on Friday, October 7 to “Market Perform”.

More recent Mullen Group Ltd (TSE:MTL) news were published by: which released: “Mullen Group Ltd. Closes $149.0 Million Bought Deal Offering and Concurrent …” on May 17, 2016. Also published the news titled: “Mullen Group Ltd. Announces $100 Million Bought Deal Offering and Concurrent …” on April 26, 2016.‘s news article titled: “Mullen Group Ltd. Reports First Quarter Financial Results and Business Update” with publication date: April 20, 2016 was also an interesting one.

Mullen Group Ltd. is a supplier of trucking and logistics services in Canada. The company has a market cap of $1.74 billion. The Firm provides a range of specialized transportation and related services to the oil and natural gas industry in western Canada. It has a 35.01 P/E ratio. The Firm operates in two divisions: Trucking/Logistics and Oilfield Services.

MTL Company Profile

Mechel PAO, formerly Mechel OAO, incorporated on March 19, 2003, is a holding company. The Firm operates in the mining, steel and power industry divisions. The Company’s divisions include Steel segment, comprising production and sales of semi-finished steel products, carbon and specialty long products, carbon and stainless flat products, and value-added downstream metal products, including forgings, stampings, and hardware, and ferrosilicon; Mining segment, comprising production and sales of coal (coking and steam), and middlings, coke and chemical products, and iron ore, which supplies raw materials to the Steel and Power divisions, and also sells raw materials to third parties, and Power segment, comprising generation and sales of electricity and heat power, which supplies electricity and heat power to the Steel and Mining divisions, and also sells a portion of electricity and heat power to third parties. The Firm has freight seaports in Russia on the Sea of Japan (Port Posiet) and on the Sea of Azov (Port Temryuk), and a freight river port on the Kama River, a tributary of the Volga River in central Russia (Port Kambarka). The Firm has a fleet of freight railcars, locomotives and long-haul trucks, and operates a rail line to its Elga coal deposit in the Sakha Republic.

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