Mullen Group Ltd. (TSE:MTL) Receives C$18.86 Consensus Price Target from Analysts

Shares of Mullen Group Ltd. (TSE:MTL) have been given an average recommendation of “Moderate Buy” by the eight research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$18.86.

A number of analysts have issued reports on the company. Raymond James lifted their price target on Mullen Group from C$17.25 to C$18.75 in a report on Friday, October 25th. CIBC boosted their target price on Mullen Group from C$16.50 to C$17.50 in a research note on Friday, October 25th. BMO Capital Markets upped their price target on Mullen Group from C$17.00 to C$20.00 in a report on Friday, October 25th. Finally, TD Securities cut their price objective on shares of 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.

Mullen Group Stock Performance

Shares of MTL stock opened at C$15.37 on Friday. The company has a market cap of C$1.35 billion, a P/E ratio of 11.47, a PEG ratio of 1.81 and a beta of 1.82. The firm has a fifty day moving average price of C$14.71 and a 200 day moving average price of C$13.90. 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 has a 12 month low of C$12.47 and a 12 month high of C$15.78.

Mullen Group Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date of this dividend was Thursday, October 31st. Mullen Group’s dividend payout ratio is currently 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.