Raymond James Cuts Mullen Group (TSE:MTL) Price Target to C$18.50

Mullen Group (TSE:MTL) had its price objective cut by Raymond James from C$18.75 to C$18.50 in a research report released on Tuesday morning,BayStreet.CA reports.

Several other equities research analysts have also recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. National Bankshares lifted their price target on Mullen Group from C$18.00 to C$19.00 in a report on Monday. TD Securities dropped their price objective on Mullen Group from C$22.00 to C$21.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Finally, CIBC boosted their target price on Mullen Group from C$16.50 to C$17.50 in a research note on Friday, October 25th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Mullen Group has an average rating of “Moderate Buy” and a consensus price target of C$18.97.

Mullen Group Stock Down 1.8 %

Shares of Mullen Group stock opened at C$15.46 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 0.75 and a debt-to-equity ratio of 93.56. Mullen Group has a 52-week low of C$12.47 and a 52-week high of C$16.06. The company has a market capitalization of C$1.36 billion, a P/E ratio of 11.54, a P/E/G ratio of 1.81 and a beta of 1.82. The company has a 50 day moving average of C$14.98 and a 200 day moving average of C$14.09.

Mullen Group Dividend Announcement

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 yield of 5.43%. The ex-dividend date of this dividend was Thursday, October 31st. Mullen Group’s dividend payout ratio (DPR) 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.