Mullen Group (TSE:MTL) Has Just Had Its Target Price per Share Cut by Analysts at National Bank Financial to $15.50

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Analysis: Mullen Group (TSE:MTL) Stock Target Has Been Increased Today

In a recent research report distributed by National Bank Financial on Friday, 11 December, the firm, Mullen Group (TSE:MTL), had their target price cut to $15.50. Analusts now have a solid Sector Perform rating on the stock.

From a total of 13 analysts covering Mullen Group (TSE:MTL) stock, 4 rate it a ”Buy”, 1 a “Sell”, and 8 a ”Hold”. This means that 31% of the ratings are positive. The highest target price is $17.58 while the lowest target price is $9.71. The mean of all analyst targets is $14.19 with a 43.44% above today’s ($13.42) stock price. Mullen Group was the topic of 13 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 26 with “Sector Perform” rating. Scotia Capital maintained shares with “Sector Outperform” rating and $22.5 target share price in a report from a July 23. Scotia Capital maintained MTL stock in a recent report from October 22 with “Sector Outperform” rating.

Approximately 309,593 shares of stock traded hands or 57.00% up from the average. Mullen Group Ltd (TSE:MTL) has declined 31.80% since May 8, 2015 and is downtrending. It has underperformed by 28.78% the S&P500.

Mullen Group (TSE:MTL) Has Just Had Its Target Price per Share Cut by Analysts at National Bank Financial to $15.50

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 $1.23 billion. The Firm has two divisions: Oilfield Services and Trucking/Logistics. It has 37 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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