Mullen Group Ltd. (TSE:MTL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Mullen Group Ltd. (TSE:MTL) has received an average rating of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$18.97.

Several equities analysts have recently issued reports on the company. BMO Capital Markets boosted their price objective on Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. Scotiabank reduced their price target on Mullen Group from C$20.00 to C$19.00 in a research report on Thursday, January 30th. CIBC increased their price target on Mullen Group from C$16.50 to C$17.50 in a research note 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 note on Monday, December 9th. Finally, Cormark decreased their target price on shares of Mullen Group from C$20.75 to C$19.75 in a research report on Tuesday, December 10th.

Mullen Group Trading Up 0.8 %

Mullen Group stock opened at C$14.65 on Thursday. Mullen Group has a 52-week low of C$12.47 and a 52-week high of C$16.06. The company has a quick ratio of 1.06, a current ratio of 0.75 and a debt-to-equity ratio of 93.56. The firm has a market capitalization of C$1.29 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 1.81 and a beta of 1.82. The firm has a 50-day moving average price of C$14.98 and a two-hundred day moving average price of C$14.62.

Mullen Group Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, January 31st. This represents a $0.84 annualized dividend and a yield of 5.73%. 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.