Are Analysts Bullish about Mullen Group Ltd. (TSE:MTL) after last week?

April 25, 2018 - By Dolores Ford

Mullen Group Ltd. (TSE:MTL) Ratings Coverage

Among 2 analysts covering Mullen Group (TSE:MTL), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Mullen Group had 4 analyst reports since October 27, 2017 according to SRatingsIntel. The rating was downgraded by National Bank Canada to “Sector Perform” on Monday, December 11. Below is a list of Mullen Group Ltd. (TSE:MTL) latest ratings and price target changes.

15/12/2017 Broker: TD Securities Rating: Hold Old Target: $18.00 New Target: $17.00 Target Down
11/12/2017 Broker: National Bank Canada Old Rating: Outperform New Rating: Sector Perform Old Target: $18.25 New Target: $16.50 Downgrade
27/10/2017 Broker: Canaccord Genuity Rating: Old Target: $19.00 New Target: $18.00 Target Down
27/10/2017 Broker: National Bank Canada Rating: Outperform Old Target: $18.75 New Target: $18.25 Target Down

The stock increased 0.66% or $0.1 during the last trading session, reaching $15.29. About 67,031 shares traded. Mullen Group Ltd. (TSE:MTL) has 0.00% since April 25, 2017 and is . It has underperformed by 11.55% the S&P500.

Mullen Group Ltd. provides transportation and related services to the oil and natural gas industry. The company has market cap of $1.59 billion. The companyÂ’s Oilfield Services segment offers specialized transportation, drilling, well-servicing, and dewatering services, which include the transporting of oversize and overweight shipments; and the transportation, handling, storage, and computerized inventory management of oilfield fluids, tubulars and drilling mud, pipe stockpiling, and stringing. It has a 24.27 P/E ratio. This segment provides services related to the processing and production of heavy oil, such as well servicing and handling, and transportation and disposal of fluids, as well as frac support, dredging, water management, dewatering, pond reclamation, hydrovac excavation, drilling rig relocation, and conductor pipe setting services.

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