Mullen Group (TSE:MTL) Given New C$16.50 Price Target at National Bankshares

Mullen Group (TSE:MTL) had its price objective decreased by National Bankshares from C$17.00 to C$16.50 in a research note released on Thursday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other research firms have also recently issued reports on MTL. Cibc World Mkts cut Mullen Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 7th. Acumen Capital decreased their price target on Mullen Group from C$18.25 to C$17.25 and set a “buy” rating on the stock in a report on Friday, July 25th. Raymond James Financial set a C$16.75 target price on Mullen Group and gave the company an “outperform” rating in a research note on Friday, July 25th. Scotiabank lowered Mullen Group from a “strong-buy” rating to a “hold” rating and cut their target price for the company from C$16.50 to C$16.00 in a research note on Thursday, July 10th. Finally, Royal Bank Of Canada increased their target price on Mullen Group from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$17.50.

Mullen Group Price Performance

Mullen Group stock opened at C$14.35 on Thursday. The business’s 50-day simple moving average is C$13.94 and its 200 day simple moving average is C$13.75. The stock has a market cap of C$1.25 billion, a price-to-earnings ratio of 12.93, a P/E/G ratio of 1.81 and a beta of 0.69. Mullen Group has a 12-month low of C$11.81 and a 12-month high of C$16.06. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69.

Mullen Group Dividend Announcement

The business also recently announced a sep 25 dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.07 dividend. Mullen Group’s payout ratio is 74.77%.

Mullen Group Company Profile

Mullen Group is one of North America’s largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation.