Shares of Mullen Group Ltd. (TSE:MTL - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$18.86.
Several analysts recently commented on MTL shares. Raymond James raised their price objective on shares of Mullen Group from C$17.25 to C$18.75 in a research note on Friday. Royal Bank of Canada lifted their target price on shares of Mullen Group from C$16.00 to C$17.00 in a research report on Friday, July 26th. TD Securities cut 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. Cormark lifted their target price on shares of Mullen Group from C$18.75 to C$19.50 in a research report on Friday, July 26th. Finally, CIBC lifted their target price on shares of Mullen Group from C$16.50 to C$17.50 in a research report on Friday.
Check Out Our Latest Stock Report on MTL
Mullen Group Price Performance
Shares of TSE MTL traded down C$0.06 during midday trading on Tuesday, hitting C$15.06. The company had a trading volume of 183,431 shares, compared to its average volume of 195,149. 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 has a twelve month low of C$12.47 and a twelve month high of C$15.72. The business has a 50-day simple moving average of C$14.36 and a two-hundred day simple moving average of C$13.78. The firm has a market capitalization of C$1.32 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82.
Mullen Group Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date is Thursday, October 31st. Mullen Group's dividend payout ratio is presently 62.69%.
About Mullen Group
(
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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