Stock analysts at Raymond James hoisted their price target on shares of MULLEN GROUP LTD (NASDAQ:MLLGF) from $23.00 to $24.00 in a report issued on Thursday, StockRatingsNetwork.com reports. The firm currently has a “market perform” rating on the stock. Raymond James’ target price indicates a potential upside of 8.84% from the stock’s previous close.
MULLEN GROUP LTD (NASDAQ: MLLGF) opened at 22.0506 on Thursday. MULLEN GROUP LTD has a 52-week low of $19.54 and a 52-week high of $23.09. The stock’s 50-day moving average is currently $21.58. The company has a market cap of $1.977 billion and a price-to-earnings ratio of 16.05.
MLLGF has been the subject of a number of other recent research reports. Analysts at National Bank Financial upgraded shares of MULLEN GROUP LTD from a “sector perform” rating to an “outperform” rating in a research note to investors on Thursday. They now have a $26.00 price target on the stock, up previously from $23.50. Separately, analysts at CIBC downgraded shares of MULLEN GROUP LTD from a “sector perform” rating to a “sector underperform” rating in a research note to investors on Thursday, July 18th. They now have a $22.00 price target on the stock.
Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $23.33.