Brokerages Set Mullen Group Ltd. (TSE:MTL) Target Price at C$18.84

Shares of Mullen Group Ltd. (TSE:MTL) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$18.84.

MTL has been the subject of a number of recent analyst reports. Raymond James dropped their price objective on Mullen Group from C$18.50 to C$17.50 in a report on Friday, February 14th. Scotiabank decreased their target price on Mullen Group from C$20.00 to C$19.00 in a research report on Thursday, January 30th. Cormark cut their price target on shares of Mullen Group from C$20.75 to C$19.75 in a research report on Tuesday, December 10th. Finally, National Bankshares boosted their price objective on shares of Mullen Group from C$18.00 to C$19.00 in a report on Monday, December 9th.

Mullen Group Stock Performance

Shares of Mullen Group stock opened at C$13.09 on Monday. The firm has a fifty day moving average of C$14.23 and a two-hundred day moving average of C$14.57. The company has a debt-to-equity ratio of 120.69, a quick ratio of 1.06 and a current ratio of 1.62. The stock has a market capitalization of C$1.17 billion, a price-to-earnings ratio of 9.49, a PEG ratio of 1.81 and a beta of 1.82. Mullen Group has a 52 week low of C$12.47 and a 52 week high of C$16.06.

Mullen Group Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 6.42%. Mullen Group’s dividend payout ratio is presently 60.92%.

Insiders Place Their Bets

In other news, Senior Officer Joanna Kathryn Scott purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were bought at an average cost of C$13.23 per share, for a total transaction of C$26,460.00. Corporate insiders own 6.32% of the company’s stock.

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.