Mullen Group Ltd. (TSE:MTL) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Mullen Group Ltd. (TSE:MTL - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$18.86.

A number of equities analysts have commented on MTL shares. Royal Bank of Canada upped their price objective on shares of Mullen Group from C$16.00 to C$17.00 in a research report on Friday, July 26th. Cormark boosted their price target on Mullen Group from C$18.75 to C$19.50 in a report on Friday, July 26th. CIBC boosted their price objective on shares of Mullen Group from C$16.50 to C$17.50 in a research note on Friday, October 25th. TD Securities lowered their price objective on shares of Mullen Group from C$22.00 to C$21.00 and set a "buy" rating for the company in a research report on Wednesday, September 11th. Finally, Raymond James boosted their target price on shares of Mullen Group from C$17.25 to C$18.75 in a research report on Friday, October 25th.

Mullen Group Stock Performance

Shares of MTL remained flat at C$15.47 during midday trading on Friday. The stock had a trading volume of 59,300 shares, compared to its average volume of 189,577. The company has a current ratio of 0.75, a quick ratio of 1.06 and a debt-to-equity ratio of 93.56. The firm has a market cap of C$1.36 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 1.81 and a beta of 1.82. The stock's 50-day moving average is C$14.69 and its two-hundred day moving average is C$13.88. Mullen Group has a 1-year low of C$12.47 and a 1-year high of C$15.78.

Mullen Group Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.84 dividend on an annualized basis and a yield of 5.43%. Mullen Group's dividend payout ratio (DPR) is 62.69%.

About Mullen Group

Mullen 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.