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

Mullen Group Ltd. (TSE:MTL) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$18.84.

A number of research analysts have issued reports on the company. Scotiabank decreased their target price on Mullen Group from C$20.00 to C$19.00 in a research note on Thursday, January 30th. Cormark decreased their price objective on Mullen Group from C$20.75 to C$19.75 in a research report on Tuesday, December 10th. National Bankshares raised their target price on shares of Mullen Group from C$18.00 to C$19.00 in a report on Monday, December 9th. Finally, Raymond James reduced their price target on shares of Mullen Group from C$18.50 to C$17.50 in a report on Friday, February 14th.

Insiders Place Their Bets

In related news, Senior Officer Joanna Kathryn Scott acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was bought at an average price of C$13.23 per share, for a total transaction of C$26,460.00. Insiders bought a total of 2,832 shares of company stock valued at $37,153 in the last quarter. 6.32% of the stock is currently owned by insiders.

Mullen Group Price Performance

Shares of MTL stock opened at C$12.90 on Friday. The firm has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 9.35, 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$16.06. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69. The firm has a fifty day moving average of C$13.71 and a 200-day moving average of C$14.43.

Mullen Group Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were paid a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 6.51%. The ex-dividend date of this dividend was Friday, February 28th. Mullen Group’s payout ratio is 60.92%.

Mullen Group Company Profile

Mullen Group is one of North America’s largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation.