Mullen Group Ltd. (TSE:MTL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Mullen Group Ltd. (TSE:MTL) has received an average rating of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat reports. One equities 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 covered the stock in the last year is C$18.97.

Several brokerages have recently weighed in on MTL. 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. Cormark reduced their price objective on shares of Mullen Group from C$20.75 to C$19.75 in a research report on Tuesday, December 10th. Raymond James decreased their price objective on shares of Mullen Group from C$18.75 to C$18.50 in a report on Tuesday, December 10th. Scotiabank cut their target price on shares of Mullen Group from C$20.00 to C$19.00 in a research note on Thursday, January 30th. Finally, CIBC raised their price target on shares of Mullen Group from C$16.50 to C$17.50 in a research note on Friday, October 25th.

Mullen Group Price Performance

Shares of Mullen Group stock opened at C$14.22 on Thursday. The firm has a market cap of C$1.25 billion, a PE ratio of 10.61, a P/E/G ratio of 1.81 and a beta of 1.82. Mullen Group has a twelve month low of C$12.47 and a twelve month high of C$16.06. The company has a quick ratio of 1.06, a current ratio of 0.75 and a debt-to-equity ratio of 93.56. The business has a 50-day moving average price of C$14.85 and a 200 day moving average price of C$14.66.

Mullen Group Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be given 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 yield of 5.91%. Mullen Group’s payout ratio is currently 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.