Shares of Mullen Group Ltd. (TSE:MTL - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as C$15.78 and last traded at C$15.69, with a volume of 44149 shares trading hands. The stock had previously closed at C$15.56.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on MTL. Cormark increased their target price on shares of Mullen Group from C$18.75 to C$19.50 in a report on Friday, July 26th. BMO Capital Markets boosted their price objective on Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. Royal Bank of Canada lifted their price target on Mullen Group from C$16.00 to C$17.00 in a research note on Friday, July 26th. Raymond James boosted their price target on Mullen Group from C$17.25 to C$18.75 in a report on Friday, October 25th. Finally, CIBC raised their price objective on shares of Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Mullen Group presently has an average rating of "Moderate Buy" and a consensus price target of C$18.86.
View Our Latest Research Report on MTL
Mullen Group Trading Down 1.0 %
The company has a quick ratio of 1.06, a current ratio of 0.75 and a debt-to-equity ratio of 93.56. The company has a market capitalization of C$1.35 billion, a P/E ratio of 11.61, a P/E/G ratio of 1.81 and a beta of 1.82. The firm's 50-day moving average price is C$14.46 and its 200 day moving average price is C$13.81.
Mullen Group Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.84 annualized dividend and a dividend yield of 5.45%. Mullen Group's payout ratio is currently 62.69%.
About Mullen Group
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Mullen Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mullen Group wasn't on the list.
While Mullen Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
