What’s Propelling Mullen Group Ltd to Increase So Much?

 What's Propelling Mullen Group Ltd to Increase So Much?

The stock of Mullen Group Ltd (TSE:MTL) is a huge mover today! About 38,321 shares traded hands. Mullen Group Ltd (TSE:MTL) has risen 33.77% since April 11, 2016 and is uptrending. It has outperformed by 29.84% the S&P500.
The move comes after 5 months positive chart setup for the $1.97 billion company. It was reported on Nov, 15 by Barchart.com. We have $29.53 PT which if reached, will make TSE:MTL worth $1.12 billion more.

Mullen Group Ltd (TSE:MTL) Ratings Coverage

Out of 8 analysts covering Mullen Group (TSE:MTL), 3 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 38% are positive. $22.5 is the highest target while $14 is the lowest. The $18.55 average target is -1.38% below today’s ($18.81) stock price. Mullen Group has been the topic of 31 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Scotia Capital maintained Mullen Group Ltd (TSE:MTL) on Thursday, October 22 with “Sector Outperform” rating. As per Friday, November 20, the company rating was upgraded by Raymond James. The firm has “Market Perform” rating given on Friday, October 7 by Raymond James. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, November 26. The stock of Mullen Group Ltd (TSE:MTL) has “Sector Performer” rating given on Thursday, January 14 by IBC. The company was maintained on Thursday, July 23 by Scotia Capital. The stock of Mullen Group Ltd (TSE:MTL) earned “Buy” rating by Cormark Securities on Wednesday, October 14. Raymond James upgraded Mullen Group Ltd (TSE:MTL) on Friday, July 24 to “Market Perform” rating. The firm earned “Outperform” rating on Friday, July 22 by RBC Capital Markets. The stock of Mullen Group Ltd (TSE:MTL) earned “Buy” rating by GMP Securities on Friday, October 21.

More important recent Mullen Group Ltd (TSE:MTL) news were published by: Marketwired.com which released: “Mullen Group Ltd. Reports Third Quarter Financial Results and Operating Update” on October 19, 2016, also Marketwired.com published article titled: “Mullen Group Ltd. Closes $149.0 Million Bought Deal Offering and Concurrent …”, Marketwired.com published: “Mullen Group Ltd. Announces $100 Million Bought Deal Offering and Concurrent …” on April 26, 2016. More interesting news about Mullen Group Ltd (TSE:MTL) was released by: Marketwired.com and their article: “Mullen Group Ltd. Reports First Quarter Financial Results and Business Update” with publication date: April 20, 2016.

Mullen Group Ltd. is a supplier of trucking and logistics services in Canada. The company has a market cap of $1.97 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 33.23 P/E ratio. The Firm operates in two divisions: Trucking/Logistics and Oilfield Services.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment