National Bankshares Issues Positive Forecast for Mullen Group (TSE:MTL) Stock Price

Mullen Group (TSE:MTL) had its price target hoisted by National Bankshares from C$18.00 to C$19.00 in a research report sent to investors on Monday,BayStreet.CA reports.

Other research analysts also recently issued reports about the company. Raymond James increased their target price on Mullen Group from C$17.25 to C$18.75 in a research report on Friday, October 25th. CIBC raised their price target on Mullen Group from C$16.50 to C$17.50 in a research report on Friday, October 25th. BMO Capital Markets raised their price target on Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. Finally, TD Securities lowered their price target on Mullen Group from C$22.00 to C$21.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Mullen Group currently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.97.

Mullen Group Trading Up 1.2 %

Shares of MTL opened at C$15.75 on Monday. The company has a debt-to-equity ratio of 93.56, a current ratio of 0.75 and a quick ratio of 1.06. Mullen Group has a 1 year low of C$12.47 and a 1 year high of C$16.06. The company has a 50 day simple moving average of C$14.96 and a two-hundred day simple moving average of C$14.07. The firm has a market cap of C$1.38 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82.

Mullen Group Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a $0.07 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.84 annualized dividend and a yield of 5.33%. 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.