Mullen Group (TSE:MTL) Given New C$19.75 Price Target at Cormark

Mullen Group (TSE:MTL) had its price objective cut by Cormark from C$20.75 to C$19.75 in a research note published on Tuesday morning,BayStreet.CA reports.

Other equities analysts have also recently issued reports about the company. CIBC lifted their price target on Mullen Group from C$16.50 to C$17.50 in a research report on Friday, October 25th. Raymond James cut their price target on shares of Mullen Group from C$18.75 to C$18.50 in a report on Tuesday. TD Securities lowered their price objective on shares of Mullen Group from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. BMO Capital Markets increased their target price on shares of Mullen Group from C$17.00 to C$20.00 in a research note on Friday, October 25th. Finally, National Bankshares lifted their price target on shares of Mullen Group from C$18.00 to C$19.00 in a research report on Monday. One 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$18.97.

Mullen Group Stock Down 1.8 %

MTL stock opened at C$15.46 on Tuesday. The stock has a market cap of C$1.36 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The firm’s 50-day simple moving average is C$14.98 and its 200 day simple moving average is C$14.09. Mullen Group has a fifty-two week low of C$12.47 and a fifty-two week high of C$16.06. 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 Dividend Announcement

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