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

Mullen Group Ltd. (TSE:MTL) has been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$18.86.

Several equities research analysts recently weighed in on the company. TD Securities decreased their price target on Mullen Group from C$22.00 to C$21.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Royal Bank of Canada raised their target price on shares of Mullen Group from C$16.00 to C$17.00 in a research note on Friday, July 26th. CIBC boosted their price target on shares of Mullen Group from C$16.50 to C$17.50 in a research note on Friday, October 25th. BMO Capital Markets raised their price objective on shares of Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. Finally, Raymond James lifted their price objective on Mullen Group from C$17.25 to C$18.75 in a report on Friday, October 25th.

Mullen Group Stock Performance

Shares of MTL stock opened at C$15.47 on Friday. Mullen Group has a 12 month low of C$12.47 and a 12 month high of C$15.78. The company has a current ratio of 0.75, a quick ratio of 1.06 and a debt-to-equity ratio of 93.56. The company has a market cap of C$1.36 billion, a P/E ratio of 11.54, a PEG ratio of 1.81 and a beta of 1.82. The firm has a fifty day moving average price of C$14.66 and a 200 day moving average price of C$13.87.

Mullen Group Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.84 annualized dividend and a yield of 5.43%. 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.