TOday’s Movers: Mullen Group Ltd (TSE:MTL) Stock Rating Reconfirmed by Analysts at RBC Capital Markets; $19.00 Target Price Indicates 16.00% Potential

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Mullen Group Ltd (TSE:MTL) Rating Reaffirmed

Toronto: In a recent report sent to clients and investors on Thursday, 26 November, RBC Capital Markets reiterated their “Sector Perform” rating on Mullen Group Ltd (TSE:MTL) shares. They now have a $19.00 target PPS on the firm. RBC Capital Markets’s target would suggest a potential upside of 16.00% from the company’s last stock price.

From a total of 6 analysts covering Mullen Group (TSE:MTL) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is $22.5 while the lowest target price is $17. The mean of all analyst targets is $19.30 with a 17.83% above today’s ($16.38) stock price. Mullen Group was the topic of 12 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Raymond James upgraded shares on November 20 to “Outperform” rating. Scotia Capital maintained shares with “Sector Outperform” rating and $22.5 target share price in a report from a July 23. RBC Capital Markets maintained MTL stock in a recent report from October 22 with “Sector Perform” rating.

Approximately 3,755 shares of stock traded hands. Mullen Group Ltd (TSE:MTL) has declined 21.72% since April 23, 2015 and is downtrending. It has underperformed by 20.36% the S&P500.

TOday’s Movers: Mullen Group Ltd (TSE:MTL) Stock Rating Reconfirmed by Analysts at RBC Capital Markets; $19.00 Target Price Indicates 16.00% Potential

Mullen Group Ltd. provides transportation and related services to the oil and natural gas industry in western Canada, and supplies trucking and logistics services in Canada. The company has a market cap of $1.50 billion. The Firm has two divisions: Oilfield Services and Trucking/Logistics. It has 45.16 P/E ratio. The Company’s Oilfield Services segment provides transportation, drilling, well-servicing and dewatering services, including transporting of oversize and overweight shipments; conductor pipe setting; core drilling; casing setting; the transportation, handling, storage and computerized inventory management of oilfield fluids, tubular and drilling mud, pipe stockpiling and stringing, and services related to the processing and production of heavy oil, transportation and disposal of fluids, as well as water management, dewatering, pond reclamation services, hydrovac excavation and drilling rig relocation services.

According to Zacks Investment Research, “Mechel OAO is a leading Russian company whose business consists of two segments: mining and steel, comprising facilities in Russia, Romania and Lithuania. In addition, Mechel owns two trade ports, a railway and an energy company. The mining segment comprises production and sale of coal (coking and steam), iron ore and nickel, which supplies raw materials to their steel business and also to third parties. The steel business comprises production and sale of semi-finished steel products, carbon and specialty long products, carbon and stainless flat products, and value-added downstream metal products including hardware, stampings and forgings. Mechel is the second largest producer of long products in Russia, and the largest and most comprehensive producer of specialty steels and alloys in Russia. The company also produces coke, both for internal use and for third parties. The Power segment engages in the generation and sale of electricity and heat power. Mechel is headquartered in Moscow.” Get a free copy of the Zacks research report on Mullen Group Ltd (MTL)

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