Mullen Group Ltd (TSE:MTL) Director David Edward Mullen sold 150,000 shares of the stock in a transaction on Monday, November 19th. The shares were sold at an average price of C$13.20, for a total value of C$1,980,000.00.
David Edward Mullen also recently made the following trade(s):
- On Thursday, September 20th, David Edward Mullen sold 700,000 shares of Mullen Group stock. The shares were sold at an average price of C$15.00, for a total value of C$10,500,000.00.
MTL opened at C$13.14 on Friday. The company has a debt-to-equity ratio of 49.29, a quick ratio of 1.58 and a current ratio of 1.94. Mullen Group Ltd has a fifty-two week low of C$13.01 and a fifty-two week high of C$16.93.
A number of equities analysts have issued reports on MTL shares. Cormark raised Mullen Group from a “market perform” rating to a “buy” rating and increased their price target for the company from C$15.00 to C$19.00 in a research note on Friday, July 27th. Royal Bank of Canada increased their price target on Mullen Group from C$16.00 to C$18.00 and gave the company an “outperform” rating in a research note on Friday, July 27th. BMO Capital Markets raised their price objective on Mullen Group from C$16.00 to C$18.00 and gave the stock a “market perform” rating in a research note on Friday, July 27th. CIBC raised their price objective on Mullen Group from C$17.00 to C$18.00 in a research note on Friday, July 27th. Finally, Canaccord Genuity raised their price objective on Mullen Group from C$16.25 to C$17.50 in a research note on Friday, August 17th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$16.94.
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Mullen Group Company Profile
Mullen Group Ltd. provides transportation and oilfield services in Canada and the United States. It operates in two segments, Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment offers long haul and local transportation services to customers in various industries. The Oilfield Services segment provides specialized transportation, fluid hauling, waste disposal, warehousing, drilling, well-servicing, and dewatering services to the oil and natural gas industry in western Canada, which includes the exploration and development companies, as well as production and natural gas transmission companies.
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