Mullen Group (TSE:MTL) Reaches New 52-Week High – Should You Buy?

Mullen Group Ltd. (TSE:MTL) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$15.85 and last traded at C$15.66, with a volume of 12990 shares. The stock had previously closed at C$15.71.

Analyst Ratings Changes

Several research firms have weighed in on MTL. BMO Capital Markets increased their price target on shares of Mullen Group from C$17.00 to C$20.00 in a report on Friday, October 25th. CIBC lifted their price target on Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. TD Securities decreased their price objective on Mullen Group from C$22.00 to C$21.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Finally, Raymond James lifted their target price on Mullen Group from C$17.25 to C$18.75 in a report on Friday, October 25th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Mullen Group has a consensus rating of “Moderate Buy” and an average price target of C$18.86.

Mullen Group Trading Down 0.8 %

The company has a market cap of C$1.37 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The business’s fifty day moving average price is C$14.86 and its 200 day moving average price is C$13.99. The company has a debt-to-equity ratio of 93.56, a current ratio of 0.75 and a quick ratio of 1.06.

Mullen Group Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.07 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.39%. Mullen Group’s dividend payout ratio (DPR) is presently 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.