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Mullen Group ( (TSE:MTL) ) has provided an announcement.
Mullen Group Ltd. has completed the acquisition of the Cole Group, a leading logistics services company specializing in customs brokerage, freight forwarding, and trade consulting across Canada and the U.S. This acquisition aligns with Mullen Group’s strategy to expand its non-asset based logistics offerings and is expected to enhance synergies across its business units. The acquisition is financially attractive, expected to generate significant free cash flow with minimal capital expenditure, and provides a strong foundation for future growth in the U.S. and international markets.
The most recent analyst rating on (TSE:MTL) stock is a Buy with a C$17.00 price target. To see the full list of analyst forecasts on Mullen Group stock, see the TSE:MTL Stock Forecast page.
Spark’s Take on TSE:MTL Stock
According to Spark, TipRanks’ AI Analyst, TSE:MTL is a Outperform.
Mullen Group’s overall stock score reflects a stable financial position with robust cash flow and effective cost management. Positive technical indicators and a fair valuation enhance its attractiveness. Despite some challenges noted in the earnings call, the company’s strategic acquisitions and liquidity improvement efforts are expected to support future growth.
To see Spark’s full report on TSE:MTL stock, click here.
More about Mullen Group
Mullen Group Ltd. is a prominent public company in the transportation and logistics industries, boasting one of the largest logistics portfolios in North America. Their services encompass transportation, warehousing, distribution, and specialized services for industries such as energy, mining, forestry, and construction, primarily in western Canada. Mullen Group is listed on the Toronto Stock Exchange under the symbol ‘MTL’.
Average Trading Volume: 248,801
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$1.24B
For a thorough assessment of MTL stock, go to TipRanks’ Stock Analysis page.