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

Mullen Group Ltd. (TSE:MTL) has received an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$18.97.

A number of research analysts recently weighed in on the stock. 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 raised their price target on shares of Mullen Group from C$16.50 to C$17.50 in a research report on Friday, October 25th. BMO Capital Markets upped their price objective on Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. Raymond James decreased their target price on Mullen Group from C$18.75 to C$18.50 in a report on Tuesday, December 10th. Finally, National Bankshares upped their price target on Mullen Group from C$18.00 to C$19.00 in a report on Monday, December 9th.

Mullen Group Stock Performance

TSE MTL opened at C$14.22 on Thursday. The company has a debt-to-equity ratio of 93.56, a current ratio of 0.75 and a quick ratio of 1.06. The company has a market cap of C$1.25 billion, a P/E ratio of 10.61, a P/E/G ratio of 1.81 and a beta of 1.82. The stock has a 50-day moving average of C$14.85 and a two-hundred day moving average of C$14.66. Mullen Group has a 1-year low of C$12.47 and a 1-year high of C$16.06.

Mullen Group Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be issued a $0.07 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.84 dividend on an annualized basis and a dividend 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.