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

Shares of Mullen Group Ltd. (TSE:MTL) have been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is C$18.97.

MTL has been the topic of several recent analyst reports. Cormark dropped their target price on shares of Mullen Group from C$20.75 to C$19.75 in a report on Tuesday, December 10th. CIBC raised their price target on shares of Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. BMO Capital Markets raised their target price on Mullen Group from C$17.00 to C$20.00 in a research note on Friday, October 25th. TD Securities reduced their price objective on Mullen Group from C$22.00 to C$21.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Finally, Raymond James cut their target price on Mullen Group from C$18.75 to C$18.50 in a report on Tuesday, December 10th.

Mullen Group Stock Performance

TSE:MTL opened at C$15.25 on Wednesday. The stock’s 50-day moving average is C$15.07 and its 200-day moving average is C$14.16. The stock has a market cap of C$1.34 billion, a P/E ratio of 11.38, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. Mullen Group has a 1-year low of C$12.47 and a 1-year high of C$16.06. The company has a current ratio of 0.75, a quick ratio of 1.06 and a debt-to-equity ratio of 93.56.

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 given 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 dividend yield of 5.51%. 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.