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

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

MTL has been the subject of a number of analyst reports. Scotiabank dropped their price objective on shares of Mullen Group from C$20.00 to C$19.00 in a report on Thursday, January 30th. CIBC increased their price target on shares of Mullen Group from C$16.50 to C$17.50 in a research note on Friday, October 25th. BMO Capital Markets lifted their price target on shares of Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. Cormark lowered their price objective on Mullen Group from C$20.75 to C$19.75 in a research 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 Stock Down 0.7 %

Shares of TSE:MTL opened at C$14.19 on Thursday. Mullen Group has a 52-week low of C$12.47 and a 52-week high of C$16.06. The stock has a market cap of C$1.25 billion, a P/E ratio of 10.59, a PEG ratio of 1.81 and a beta of 1.82. The business has a fifty day moving average of C$14.91 and a two-hundred day moving average of C$14.65. The company has a quick ratio of 1.06, a current ratio of 0.75 and a debt-to-equity ratio of 93.56.

Mullen Group Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.92%. Mullen Group’s payout ratio 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.