Mullen Group Ltd. (TSE:MTL) Receives Consensus Recommendation of "Buy" from Analysts

Shares of Mullen Group Ltd. (TSE:MTL - Get Free Report) have been given a consensus rating of "Buy" by the eight analysts that are currently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$17.06.

A number of brokerages have recently commented on MTL. TD Securities cut their price objective on shares of Mullen Group from C$21.00 to C$18.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Scotiabank reduced their price objective on Mullen Group from C$17.00 to C$16.50 and set an "outperform" rating for the company in a research report on Thursday. CIBC lowered their price objective on Mullen Group from C$18.00 to C$15.00 in a research report on Thursday, April 10th. Raymond James raised Mullen Group from a "market perform" rating to an "outperform" rating and reduced their target price for the stock from C$17.00 to C$16.75 in a research report on Thursday. Finally, Royal Bank of Canada lowered their price target on shares of Mullen Group from C$16.00 to C$14.00 and set an "outperform" rating on the stock in a report on Tuesday.

Insider Activity at Mullen Group

In other Mullen Group news, Senior Officer Joanna Kathryn Scott bought 2,000 shares of Mullen Group stock in a transaction dated Tuesday, February 25th. The shares were bought at an average price of C$13.23 per share, with a total value of C$26,460.00. Insiders purchased a total of 2,832 shares of company stock valued at $37,153 over the last quarter. Corporate insiders own 6.32% of the company's stock.

Mullen Group Stock Performance

MTL stock traded up C$0.77 on Tuesday, reaching C$13.23. 625,539 shares of the company were exchanged, compared to its average volume of 276,752. The firm has a market capitalization of C$1.18 billion, a PE ratio of 9.59, a PEG ratio of 1.81 and a beta of 1.82. Mullen Group has a 12 month low of C$11.81 and a 12 month high of C$16.06. The stock's fifty day moving average price is C$12.82 and its 200 day moving average price is C$14.17. The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06.

Mullen Group Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were issued a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 6.35%. The ex-dividend date of this dividend was Friday, February 28th. Mullen Group's dividend payout ratio is currently 60.92%.

Mullen Group Company Profile

Mullen Group is one of North America's largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation.