Today: The Brokers Issue Forecasts for Mullen Group Ltd.’s Q1 2017 Earnings (MTL)

The Brokers Issue Forecasts for Mullen Group Ltd.’s Q1 2017 Earnings (MTL)

Mullen Group Ltd. (TSE:MTL) – Equities researchers at Raymond James Financial boosted their Q1 2017 earnings estimates for shares of Mullen Group in a note issued to investors on Friday. Raymond James Financial analyst A. Bradford now anticipates that the firm will post earnings per share of $0.23 for the quarter, up from their previous estimate of $0.21. Raymond James Financial has a “Market Perform” rating and a $16.50 price objective on the stock. Raymond James Financial also issued estimates for Mullen Group’s Q1 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.26 EPS and FY2018 earnings at $1.02 EPS.

Other equities analysts also recently issued reports about the company. CIBC raised their price target on Mullen Group from C$17.00 to C$18.50 in a research note on Friday, July 22nd. RBC Capital Markets raised their price target on Mullen Group from C$19.00 to C$21.00 in a research note on Friday. Royal Bank Of Canada raised their price target on Mullen Group from C$19.00 to C$21.00 in a research note on Friday. TD Securities raised their price target on Mullen Group from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research note on Tuesday, September 13th. Finally, Scotiabank restated an “outperform” rating and issued a C$16.00 price target on shares of Mullen Group in a research note on Thursday, July 21st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$17.94.

Mullen Group (TSE:MTL) opened at 16.62 on Monday. Mullen Group has a 52-week low of $13.02 and a 52-week high of $19.37. The company’s 50-day moving average price is $16.13 and its 200 day moving average price is $15.01. The stock has a market capitalization of $1.72 billion and a PE ratio of 34.55.

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