Brokerages Set Mullen Group Ltd. (TSE:MTL) PT at C$18.86

Shares of Mullen Group Ltd. (TSE:MTL) have received an average rating of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$18.86.

MTL has been the topic of several research analyst reports. TD Securities cut their target price on Mullen Group from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Cormark upped their target price on Mullen Group from C$18.75 to C$19.50 in a research report on Friday, July 26th. BMO Capital Markets increased their price target on Mullen Group from C$17.00 to C$20.00 in a report on Friday, October 25th. Raymond James increased their price target on Mullen Group from C$17.25 to C$18.75 in a report on Friday, October 25th. Finally, Royal Bank of Canada increased their price target on Mullen Group from C$16.00 to C$17.00 in a report on Friday, July 26th.

Mullen Group Stock Down 0.3 %

Shares of Mullen Group stock opened at C$15.06 on Tuesday. Mullen Group has a one year low of C$12.47 and a one year high of C$15.72. The company has a debt-to-equity ratio of 93.56, a current ratio of 0.75 and a quick ratio of 1.06. The stock’s 50-day moving average is C$14.37 and its 200 day moving average is C$13.78. The firm has a market cap of C$1.32 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 1.81 and a beta of 1.82.

Mullen Group Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.84 annualized dividend and a dividend yield of 5.58%. 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.