TORONTO, ON – Investment analysts at Scotiabank cut their target price on shares of Mullen Group from $27.00 to $23.25 in a note issued to investors.

The firm currently has an “outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 11.56% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital cut their price target on shares of Mullen Group from $22.00 to $20.00 in a research note on Friday. They now have a “sector perform” rating on the stock.

Separately, analysts at Raymond James cut their price target on shares of Mullen Group from $25.00 to $22.75 in a research note on Dec. 15.

Finally, analysts at CIBC cut their price target on shares of Mullen Group from $28.00 to $25.50 in a research note on Dec. 4. They now have a “sector perform” rating on the stock.

Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $25.88.

Shares of Mullen Group opened at 20.84 on Friday. Mullen Group has a 52-week low of $19.08 and a 52-week high of $31.34. The stock has a 50-day moving average of $21.55 and a 200-day moving average of $26.11. The company has a market cap of $1.909 billion and a price-to-earnings ratio of 19.98.

Mullen Group last released its earnings data on Wednesday, October 22nd. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.44. Analysts expect that Mullen Group will post $1.22 EPS for the current fiscal year.