Mullen Group Ltd. (TSE:MTL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Mullen Group Ltd. (TSE:MTL) have received a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$18.84.

A number of research firms recently commented on MTL. Scotiabank decreased their price target on Mullen Group from C$20.00 to C$19.00 in a research report on Thursday, January 30th. Raymond James decreased their target price on Mullen Group from C$18.50 to C$17.50 in a report on Friday, February 14th. Cormark cut their price target on Mullen Group from C$20.75 to C$19.75 in a report on Tuesday, December 10th. Finally, National Bankshares upped their price target on shares of Mullen Group from C$18.00 to C$19.00 in a research report on Monday, December 9th.

Mullen Group Trading Down 1.2 %

Shares of MTL stock opened at C$12.90 on Friday. The company has a market capitalization of C$1.15 billion, a P/E ratio of 9.35, a P/E/G ratio of 1.81 and a beta of 1.82. Mullen Group has a 12-month low of C$12.47 and a 12-month high of C$16.06. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69. The firm has a 50-day moving average price of C$13.71 and a 200 day moving average price of C$14.43.

Mullen Group Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were issued a dividend of $0.07 per share. The ex-dividend date was Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 6.51%. Mullen Group’s dividend payout ratio is currently 60.92%.

Insider Buying and Selling at Mullen Group

In other Mullen Group news, Senior Officer Joanna Kathryn Scott bought 2,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was purchased at an average price of C$13.23 per share, with a total value of C$26,460.00. In the last three months, insiders have acquired 2,832 shares of company stock worth $37,153. Company insiders own 6.32% of the company’s stock.

Mullen Group Company Profile

Mullen Group is one of North America’s largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation.