Canaccord Genuity Keeps Their Hold Rating on Mullen Group Ltd. (MTL)


Today, an analyst has provided a rating update for the Services sector company, Mullen Group Ltd. (MTL). Analyst John Bereznicki from Canaccord Genuity remains neutral on the stock and has a C$10 price target.

According to TipRanks.com, Bereznicki is ranked #5072 out of 5228 analysts.

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Mullen Group Ltd. has an analyst consensus of Moderate Buy, with a price target consensus of C$11.83.

Based on Mullen Group Ltd.’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$31.78 million. In comparison, last year the company had a net profit of C$13.91 million.

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 last Friday at C$8.90, close to its 52-week low of C$8.65.

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