Mullen Group Ltd. (TSE:MTL) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Mullen Group Ltd. (TSE:MTL) have been given an average recommendation of “Moderate Buy” by the eight analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$18.86.

Several analysts recently weighed in on the company. BMO Capital Markets increased their target price on Mullen Group from C$17.00 to C$20.00 in a research note on Friday, October 25th. CIBC boosted their target price on shares of Mullen Group from C$16.50 to C$17.50 in a research report on Friday, October 25th. Raymond James increased their price target on shares of Mullen Group from C$17.25 to C$18.75 in a report on Friday, October 25th. Cormark boosted their price objective on shares of Mullen Group from C$18.75 to C$19.50 in a report on Friday, July 26th. Finally, 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 note on Wednesday, September 11th.

Mullen Group Stock Performance

Shares of MTL opened at C$15.47 on Friday. 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 firm has a market cap of C$1.36 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth 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$15.78. The company’s fifty day moving average is C$14.66 and its 200-day moving average is C$13.87.

Mullen Group Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date was Thursday, October 31st. Mullen Group’s dividend payout ratio is currently 62.69%.

Mullen Group Company Profile

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.