Mullen Group Ltd. (TSE:MTL - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.31 and traded as high as C$14.83. Mullen Group shares last traded at C$14.80, with a volume of 151,782 shares changing hands.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on MTL shares. TD Securities lowered their target price on Mullen Group from C$22.00 to C$21.00 and set a "buy" rating for the company in a report on Wednesday, September 11th. BMO Capital Markets upped their price objective on Mullen Group from C$17.00 to C$20.00 in a research note on Friday, October 25th. Cormark cut their target price on shares of Mullen Group from C$20.75 to C$19.75 in a research report on Tuesday, December 10th. National Bankshares upped their price target on shares of Mullen Group from C$18.00 to C$19.00 in a research report on Monday, December 9th. Finally, CIBC lifted their price target on shares of Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Mullen Group presently has a consensus rating of "Moderate Buy" and a consensus target price of C$18.97.
Check Out Our Latest Stock Analysis on Mullen Group
Mullen Group Price Performance
The firm has a market cap of C$1.30 billion, a P/E ratio of 11.04, a P/E/G 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 business's 50 day moving average is C$15.18 and its two-hundred day moving average is C$14.32.
Mullen Group Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date of this dividend was Thursday, October 31st. Mullen Group's payout ratio is 62.69%.
Mullen Group Company Profile
(
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.
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