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

Mullen Group Ltd. (TSE:MTL) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$18.97.

Several brokerages have issued reports on MTL. 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 increased their target price on shares of Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. National Bankshares increased their target price on shares of Mullen Group from C$18.00 to C$19.00 in a report on Monday, December 9th. Raymond James dropped their target price on shares of Mullen Group from C$18.75 to C$18.50 in a report on Tuesday, December 10th. Finally, BMO Capital Markets increased their target price on shares of Mullen Group from C$17.00 to C$20.00 in a report on Friday, October 25th.

Mullen Group Stock Up 0.8 %

Shares of Mullen Group stock opened at C$14.72 on Friday. 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 firm’s 50-day moving average is C$15.17 and its two-hundred day moving average is C$14.38. The stock has a market cap of C$1.29 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 1.81 and a beta of 1.82.

Mullen Group Announces Dividend

The company also recently declared 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. This represents a $0.84 annualized dividend and a dividend yield of 5.71%. The ex-dividend date of this dividend was Thursday, October 31st. Mullen Group’s payout ratio is 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.