Shares of Mullen Group Ltd. (TSE:MTL - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$18.84.
A number of analysts have recently commented on MTL shares. Cormark reduced their price target on shares of Mullen Group from C$20.75 to C$19.75 in a research note on Tuesday, December 10th. Scotiabank lowered their price target on Mullen Group from C$20.00 to C$19.00 in a report on Thursday, January 30th. Raymond James cut their price objective on Mullen Group from C$18.50 to C$17.50 in a report on Friday, February 14th. Finally, National Bankshares raised their target price on Mullen Group from C$18.00 to C$19.00 in a research report on Monday, December 9th.
Get Our Latest Stock Analysis on MTL
Mullen Group Stock Performance
Shares of Mullen Group stock traded up C$0.04 during trading on Monday, hitting C$13.14. 148,873 shares of the company's stock traded hands, compared to its average volume of 244,058. Mullen Group has a 1 year low of C$12.47 and a 1 year high of C$16.06. The business has a 50-day simple moving average of C$14.29 and a 200-day simple moving average of C$14.58. The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06. The stock has a market capitalization of C$1.17 billion, a P/E ratio of 9.53, a PEG ratio of 1.81 and a beta of 1.82.
Mullen Group Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date is Friday, February 28th. Mullen Group's payout ratio is 60.92%.
Insider Buying and Selling at Mullen Group
In other Mullen Group news, Senior Officer Joanna Kathryn Scott purchased 2,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were acquired at an average cost of C$13.23 per share, with a total value of C$26,460.00. Insiders own 6.32% of the company's stock.
About Mullen Group
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Get Free ReportMullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.
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