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

Shares of Mullen Group Ltd. (TSE:MTL) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$18.97.

Several research analysts have recently weighed in on MTL shares. National Bankshares upped their target price on Mullen Group from C$18.00 to C$19.00 in a research note on Monday, December 9th. BMO Capital Markets upped their price objective on shares of Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. TD Securities dropped their target price on shares of Mullen Group from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Cormark reduced 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, Raymond James decreased their price target on shares of Mullen Group from C$18.75 to C$18.50 in a research note on Tuesday, December 10th.

Mullen Group Stock Performance

TSE MTL opened at C$14.69 on Wednesday. The stock has a market capitalization of C$1.29 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 1.81 and a beta of 1.82. The stock has a 50-day moving average of C$15.15 and a 200 day moving average of C$14.24. 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 twelve month low of C$12.47 and a twelve month high of C$16.06.

Mullen Group Dividend Announcement

The firm also recently announced 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 5.72%. The ex-dividend date was Thursday, October 31st. Mullen Group’s dividend payout ratio (DPR) 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.