A Wall Street analyst has provided a rating update for the Services sector company today, while remaining neutral on the stock. Analyst Ian Gillies from GMP FirstEnergy reiterated a Hold rating on Mullen Group Ltd. (MTL), with a C$12.50 price target.
According to TipRanks.com, Gillies has 0 stars on 0-5 star ranking scale with an average return of -9.5% and a 38.5% success rate. Gillies covers the Basic Materials sector, focusing on stocks such as Trican Well Service Ltd, Precision Drilling, and Inter Pipeline Ltd.
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Currently, the analyst consensus on Mullen Group Ltd. is a Moderate Buy with an average price target of C$13.89, implying a 21.4% upside from current levels. In a report released today, BMO Capital also maintained a Hold rating on the stock with a C$13 price target.
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The company has a one-year high of C$16.93 and a one-year low of C$11.26. Currently, Mullen Group Ltd. has an average volume of 251.6K.
Mullen Group Ltd. provides freight trucking, management and oil field services. The company operates through the following segments: Oilfield Services and Trucking/Logistics. The Oilfield Services segment provides specialized transportation, drilling, well-servicing and dewatering services to the oil and natural gas industry.
The company’s shares closed on Friday at C$11.44, close to its 52-week low of C$11.26.
