Mullen Group Ltd. (TSE:MTL - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$13.85 and traded as high as C$15.65. Mullen Group shares last traded at C$15.47, with a volume of 66,575 shares traded.
Wall Street Analyst Weigh In
MTL has been the subject of a number of recent analyst reports. CIBC raised their target price on Mullen Group from C$16.50 to C$17.50 in a research report on Friday, October 25th. BMO Capital Markets lifted their price objective on shares of Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. TD Securities reduced their target price 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. Raymond James raised their price target on shares of Mullen Group from C$17.25 to C$18.75 in a research note on Friday, October 25th. Finally, Royal Bank of Canada increased their price objective on Mullen Group from C$16.00 to C$17.00 in a report on Friday, July 26th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Mullen Group currently has an average rating of "Moderate Buy" and a consensus price target of C$18.86.
Get Our Latest Research Report on MTL
Mullen Group Stock Performance
The company has a market capitalization of C$1.36 billion, a P/E ratio of 11.54, a PEG ratio of 1.81 and a beta of 1.82. 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's 50-day moving average is C$14.59 and its two-hundred day moving average is C$13.85.
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 issued a dividend of $0.07 per share. The ex-dividend date was Thursday, October 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.43%. Mullen Group's dividend payout ratio is 62.69%.
About Mullen Group
(
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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.
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