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

Shares of Mullen Group Ltd. (TSE:MTL - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$18.97.

Several equities analysts recently issued reports on the company. CIBC upped their target price on Mullen Group from C$16.50 to C$17.50 in a research report on Friday, October 25th. Raymond James reduced their price objective on Mullen Group from C$18.75 to C$18.50 in a research note on Tuesday, December 10th. National Bankshares lifted their target price on Mullen Group from C$18.00 to C$19.00 in a report on Monday, December 9th. BMO Capital Markets increased their price target on shares of Mullen Group from C$17.00 to C$20.00 in a report on Friday, October 25th. Finally, Scotiabank decreased their price objective on shares of Mullen Group from C$20.00 to C$19.00 in a research note on Thursday, January 30th.

Mullen Group Stock Performance

TSE:MTL traded down C$0.12 during trading hours on Thursday, hitting C$14.29. 164,463 shares of the company were exchanged, compared to its average volume of 204,780. The company's 50 day moving average price is C$14.94 and its 200-day moving average price is C$14.65. The stock has a market capitalization of C$1.25 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 1.81 and a beta of 1.82. Mullen Group has a 52-week low of C$12.47 and a 52-week high of C$16.06. The company has a debt-to-equity ratio of 93.56, a current ratio of 0.75 and a quick ratio of 1.06.

Mullen Group Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 5.88%. The ex-dividend date of this dividend is Friday, January 31st. Mullen Group's dividend payout ratio (DPR) is presently 62.69%.

Mullen Group Company Profile

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.