Does Mullen Group Ltd Have Any Gas After Today’s Huge Increase?

 Does Mullen Group Ltd Have Any Gas After Today's Huge Increase?

The stock of Mullen Group Ltd (TSE:MTL) is a huge mover today! About 82,414 shares traded hands. Mullen Group Ltd (TSE:MTL) has risen 27.62% since April 26, 2016 and is uptrending. It has outperformed by 22.39% the S&P500.
The move comes after 9 months positive chart setup for the $1.87B company. It was reported on Nov, 30 by Barchart.com. We have $19.36 PT which if reached, will make TSE:MTL worth $112.20 million 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 1.59% above today’s ($18.26) stock price. Mullen Group has been the topic of 31 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Canaccord Genuity initiated Mullen Group Ltd (TSE:MTL) rating on Wednesday, October 26. Canaccord Genuity has “Hold” rating and $20.50 price target. The firm earned “Outperform” rating on Friday, November 20 by Raymond James. The company was upgraded on Friday, October 21 by GMP Securities. The company was maintained on Friday, July 22 by RBC Capital Markets. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, November 26. The firm has “Market Perform” rating by Raymond James given on Friday, October 7. The stock of Mullen Group Ltd (TSE:MTL) earned “Sector Outperform” rating by Scotia Capital on Thursday, July 23. The stock of Mullen Group Ltd (TSE:MTL) earned “Sector Perform” rating by RBC Capital Markets on Thursday, October 22. Scotia Capital maintained Mullen Group Ltd (TSE:MTL) on Thursday, October 22 with “Sector Outperform” rating. The stock has “Sector Performer” rating given by IBC on Thursday, January 14.

More news for Mullen Group Ltd (TSE:MTL) were recently published by: Marketwired.com, which released: “Mullen Group Ltd. Reports Third Quarter Financial Results and Operating Update” on October 19, 2016. Marketwired.com‘s article titled: “Mullen Group Ltd. Announces $100 Million Bought Deal Offering and Concurrent …” and published on April 26, 2016 is yet another important article.

Mullen Group Ltd. is a supplier of trucking and logistics services in Canada. The company has a market cap of $1.87 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 32.26 P/E ratio. The Firm operates in two divisions: Trucking/Logistics and Oilfield Services.

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