Shares of Mullen Group Ltd. (TSE:MTL - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$18.97.
Several research analysts recently issued reports on MTL shares. National Bankshares raised their target price on shares of Mullen Group from C$18.00 to C$19.00 in a report on Monday, December 9th. CIBC lifted their price objective on Mullen Group from C$16.50 to C$17.50 in a research note on Friday, October 25th. Cormark lowered their target price on Mullen Group from C$20.75 to C$19.75 in a research note on Tuesday, December 10th. BMO Capital Markets lifted their price target on Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. Finally, Raymond James dropped their price objective on shares of Mullen Group from C$18.75 to C$18.50 in a research note on Tuesday, December 10th.
Get Our Latest Research Report on MTL
Mullen Group Stock Performance
Shares of Mullen Group stock traded up C$0.12 on Friday, reaching C$14.72. 200,941 shares of the stock were exchanged, compared to its average volume of 159,813. The business has a 50 day moving average price of C$15.17 and a two-hundred day moving average price of C$14.38. The firm has a market capitalization of C$1.29 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 1.81 and a beta of 1.82. Mullen Group has a twelve month low of C$12.47 and a twelve month high of C$16.06. The company has a quick ratio of 1.06, a current ratio of 0.75 and a debt-to-equity ratio of 93.56.
Mullen Group Announces Dividend
The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 5.71%. The ex-dividend date was Thursday, October 31st. Mullen Group's payout ratio is presently 62.69%.
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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