Mullen Group Ltd. (TSE:MTL) Receives Consensus Rating of “Moderate Buy” from Analysts

Mullen Group Ltd. (TSE:MTL) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$18.86.

A number of equities research analysts have recently issued reports on MTL shares. BMO Capital Markets boosted their price target on shares of Mullen Group from C$17.00 to C$20.00 in a research note on Friday, October 25th. CIBC boosted their target price on Mullen Group from C$16.50 to C$17.50 in a research report on Friday, October 25th. 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 research report on Wednesday, September 11th. Finally, Raymond James boosted their price objective on Mullen Group from C$17.25 to C$18.75 in a report on Friday, October 25th.

Mullen Group Stock Performance

TSE MTL opened at C$15.43 on Friday. The stock has a fifty day simple moving average of C$14.75 and a 200-day simple moving average of C$13.91. The company has a current ratio of 0.75, a quick ratio of 1.06 and a debt-to-equity ratio of 93.56. The stock has a market cap of C$1.35 billion, a PE ratio of 11.50, 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$15.78.

Mullen Group Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.07 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.84 dividend on an annualized basis and a yield of 5.44%. Mullen Group’s dividend 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.