Mullen Group Ltd. (TSE:MTL) Receives C$18.97 Consensus PT from Analysts

Shares of Mullen Group Ltd. (TSE:MTL) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$18.97.

A number of equities analysts have issued reports on MTL shares. BMO Capital Markets increased their price target on Mullen Group from C$17.00 to C$20.00 in a research note on Friday, October 25th. Raymond James lowered their target price on Mullen Group from C$18.75 to C$18.50 in a report on Tuesday, December 10th. CIBC boosted their price target on shares of Mullen Group from C$16.50 to C$17.50 in a research report on Friday, October 25th. TD Securities reduced their price objective on shares of 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. Finally, National Bankshares lifted their target price on Mullen Group from C$18.00 to C$19.00 in a report on Monday, December 9th.

Mullen Group Stock Up 0.5 %

Shares of Mullen Group stock opened at C$14.70 on Wednesday. Mullen Group has a 1-year low of C$12.47 and a 1-year high of C$16.06. The company has a market capitalization of C$1.29 billion, a P/E ratio of 10.97, a PEG ratio of 1.81 and a beta of 1.82. The business’s fifty day moving average price is C$15.12 and its two-hundred day moving average price is C$14.18. 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 Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a yield of 5.71%. The ex-dividend date was Thursday, October 31st. Mullen Group’s payout ratio is currently 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.