Mullen Group Ltd. (TSE:MTL) Given Average Rating of “Moderate Buy” by Analysts

Mullen Group Ltd. (TSE:MTL) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$18.97.

MTL has been the subject of several research analyst reports. Raymond James dropped their price target on Mullen Group from C$18.75 to C$18.50 in a research note on Tuesday, December 10th. BMO Capital Markets boosted their target price on Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. CIBC upped their target price on Mullen Group from C$16.50 to C$17.50 in a research note on Friday, October 25th. 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, Cormark decreased their target price on shares of Mullen Group from C$20.75 to C$19.75 in a research note on Tuesday, December 10th.

Mullen Group Trading Down 0.3 %

Shares of MTL opened at C$15.25 on Wednesday. Mullen Group has a 1-year low of C$12.47 and a 1-year high of C$16.06. The company has a market capitalization of C$1.34 billion, a P/E ratio of 11.38, a P/E/G ratio of 1.81 and a beta of 1.82. 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 firm’s 50 day simple moving average is C$15.07 and its 200 day simple moving average is C$14.16.

Mullen Group Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, October 31st. This represents a $0.84 annualized dividend and a dividend yield of 5.51%. Mullen Group’s dividend payout ratio (DPR) is presently 62.69%.

About Mullen Group

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.