Mullen Group (TSE:MTL) Price Target Lowered to C$19.00 at Scotiabank

Mullen Group (TSE:MTL) had its price target trimmed by Scotiabank from C$20.00 to C$19.00 in a research note released on Thursday,BayStreet.CA reports.

Several other equities analysts have also recently weighed in on the stock. Cormark lowered their price objective on shares of Mullen Group from C$20.75 to C$19.75 in a research report on Tuesday, December 10th. 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. CIBC lifted their price objective on shares of Mullen Group from C$16.50 to C$17.50 in a research report on Friday, October 25th. National Bankshares lifted their price objective on shares of Mullen Group from C$18.00 to C$19.00 in a research report on Monday, December 9th. Finally, Raymond James lowered their price objective on shares of Mullen Group from C$18.75 to C$18.50 in a research report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Mullen Group currently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.97.

Mullen Group Price Performance

TSE MTL opened at C$14.90 on Thursday. The stock has a market capitalization of C$1.31 billion, a P/E ratio of 11.12, a P/E/G ratio of 1.81 and a beta of 1.82. Mullen Group has a 1 year low of C$12.47 and a 1 year high of C$16.06. The business’s fifty day moving average is C$15.04 and its two-hundred day moving average is C$14.59. The company has a debt-to-equity ratio of 93.56, a quick ratio of 1.06 and a current ratio of 0.75.

Mullen Group Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.84 annualized dividend and a dividend yield of 5.64%. Mullen Group’s 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.