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

Shares of Mullen Group Ltd. (TSE:MTL) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently 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 1-year price objective among brokerages that have issued a report on the stock in the last year is C$18.97.

Several brokerages have recently issued reports on MTL. Cormark decreased their target price on Mullen Group from C$20.75 to C$19.75 in a research report on Tuesday, December 10th. National Bankshares raised their price objective 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 research note on Tuesday, December 10th. BMO Capital Markets increased their target price on shares of Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. Finally, CIBC lifted their price target on shares of Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th.

Mullen Group Stock Performance

Shares of MTL opened at C$15.02 on Friday. The stock has a 50 day moving average of C$15.16 and a 200 day moving average of C$14.40. The company has a market capitalization of C$1.32 billion, a price-to-earnings ratio of 11.21, a PEG 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 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 firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.07 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.84 dividend on an annualized basis and a yield of 5.59%. Mullen Group’s dividend payout ratio is 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.