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A statement released earlier today by Raymond James about Mullen Group (TSE:MTL) bumps the target price to $16.50

Raymond James bumped up the target of Mullen Group (TSE:MTL) to $16.50 stating a potential downside of 0.00%.

On Tuesday September 13, 2016, TD Securities released a statement for Mullen Group (TSE:MTL) bumped up the target price from $18.00 to $19.00 that suggested an upside of 0.21%.

Boasting a price of $16.53, Mullen Group (TSE:MTL) traded -0.24% lower on the day. The last stock price is up 10.24% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. MTL has recorded a 50-day moving average of $16.13 and a 200-day moving average of $14.99. 69,713 shares of the stock were exchanged, down from an average trading volume of 133,989

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Mullen Group (TSE:MTL)

Mullen Group has a 52 week low of $13.02 and a 52 week high of $19.37 with a P/E ratio of 34.37 The company’s market cap is currently $0.

In addition to Raymond James reporting its target price, a total of 11 firms have reported on the stock. The consensus target price is $13.62 with 0 firms rating the stock a strong buy, 6 firms rating the stock a buy, 5 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Mullen Group (TSE:MTL)

Mullen Group Ltd. is a supplier of trucking and logistics services in Canada. The Company provides a range of specialized transportation and related services to the oil and natural gas industry in western Canada. The Company operates in two segments: Trucking/Logistics and Oilfield Services. Its Trucking/Logistics segment offers a range of truckload freight services to customers in Canada and the United States. These services include transporting a range of goods, including general freight; specialized commodities, such as cable, pipe and steel; over-dimensional loads, such as heavy equipment, compressors and over-sized goods, and dry bulk commodities, such as cement, frac sand, woodchips and other residual wood products. Its Oilfield Services segment provides specialized transportation, dewatering and drilling services to the oil and natural gas industry. These services include transporting of oversize and overweight shipments, the transportation, handling, storage and others.

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