Mullen Group Ltd. (TSE:MTL) Receives C$18.97 Consensus Target Price from Analysts

Mullen Group Ltd. (TSE:MTL) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$18.97.

A number of equities analysts recently issued reports on MTL shares. TD Securities lowered their price target on Mullen Group from C$22.00 to C$21.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Cormark dropped their target price on shares of Mullen Group from C$20.75 to C$19.75 in a research report on Tuesday, December 10th. CIBC boosted their price target on shares of Mullen Group from C$16.50 to C$17.50 in a research report on Friday, October 25th. Raymond James dropped their price objective on Mullen Group from C$18.75 to C$18.50 in a report on Tuesday, December 10th. Finally, National Bankshares lifted their target price on Mullen Group from C$18.00 to C$19.00 in a research report on Monday, December 9th.

Mullen Group Trading Up 0.5 %

TSE:MTL opened at C$14.70 on Wednesday. Mullen Group has a 1 year low of C$12.47 and a 1 year high of C$16.06. The stock has a market cap of C$1.29 billion, a P/E ratio of 10.97, a P/E/G ratio of 1.81 and a beta of 1.82. The company has a debt-to-equity ratio of 93.56, a quick ratio of 1.06 and a current ratio of 0.75. The stock has a 50-day simple moving average of C$15.13 and a 200-day simple moving average of C$14.21.

Mullen Group Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 5.71%. The ex-dividend date was Thursday, October 31st. Mullen Group’s dividend payout ratio (DPR) is presently 62.69%.

About Mullen Group

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.