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

Mullen Group Ltd. (TSE:MTL - Get Free Report) has received an average rating of "Moderate Buy" from the seven brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$18.84.

MTL has been the subject of a number of recent analyst reports. 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. Raymond James decreased their target price on Mullen Group from C$18.50 to C$17.50 in a research report on Friday, February 14th. National Bankshares lifted their price target on Mullen Group from C$18.00 to C$19.00 in a report on Monday, December 9th. Finally, Cormark reduced their price objective on Mullen Group from C$20.75 to C$19.75 in a research note on Tuesday, December 10th.

Mullen Group Trading Down 1.4 %

MTL traded down C$0.18 during trading on Friday, reaching C$12.50. The company had a trading volume of 508,872 shares, compared to its average volume of 272,949. The firm's 50-day simple moving average is C$13.61 and its 200 day simple moving average is C$14.40. The company has a debt-to-equity ratio of 120.69, a quick ratio of 1.06 and a current ratio of 1.62. The company has a market cap of C$1.11 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 1.81 and a beta of 1.82. Mullen Group has a 12-month low of C$12.47 and a 12-month high of C$16.06.

Remove Ads

Mullen Group Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were given a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a yield of 6.72%. The ex-dividend date was Friday, February 28th. Mullen Group's payout ratio is presently 60.92%.

Insiders Place Their Bets

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

About Mullen Group

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.