Brokerages Set Mullen Group Ltd. (TSE:MTL) PT at C$18.97

Shares of Mullen Group Ltd. (TSE:MTL) have earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$18.97.

A number of equities analysts have recently issued reports on the company. BMO Capital Markets increased their target price on Mullen Group from C$17.00 to C$20.00 in a report on Friday, October 25th. CIBC boosted their target price on shares of Mullen Group from C$16.50 to C$17.50 in a research note on Friday, October 25th. National Bankshares upped their target price on shares of Mullen Group from C$18.00 to C$19.00 in a report on Monday, December 9th. Cormark cut their price target on shares of Mullen Group from C$20.75 to C$19.75 in a report on Tuesday, December 10th. Finally, Raymond James reduced their price target on shares of Mullen Group from C$18.75 to C$18.50 in a research report on Tuesday, December 10th.

Mullen Group Stock Performance

TSE:MTL opened at C$14.70 on Wednesday. The firm has a market capitalization of C$1.29 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. 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 12-month low of C$12.47 and a 12-month high of C$16.06. The firm has a 50-day moving average price of C$15.12 and a 200 day moving average price of C$14.18.

Mullen Group Announces Dividend

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