Mullen Group (TSE:MTL) Price Target Raised to C$19.50

Mullen Group (TSE:MTL) had its price target boosted by Cormark from C$18.75 to C$19.50 in a report released on Friday morning, BayStreet.CA reports.

Other equities research analysts have also issued research reports about the stock. BMO Capital Markets decreased their price objective on shares of Mullen Group from C$16.00 to C$14.50 in a research note on Friday, April 26th. Raymond James decreased their price objective on shares of Mullen Group from C$17.00 to C$16.50 and set a market perform rating for the company in a research note on Friday, April 26th. Royal Bank of Canada decreased their price objective on shares of Mullen Group from C$17.00 to C$16.00 and set an outperform rating for the company in a research note on Friday, April 26th. Scotiabank decreased their price objective on shares of Mullen Group from C$20.00 to C$19.00 and set an outperform rating for the company in a research note on Friday, April 26th. Finally, National Bankshares decreased their price objective on shares of Mullen Group from C$19.50 to C$18.00 and set an outperform rating for the company in a research note on Friday, April 26th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of C$18.33.

Mullen Group Trading Up 1.8 %

MTL opened at C$14.95 on Friday. The company has a debt-to-equity ratio of 80.16, a current ratio of 0.78 and a quick ratio of 1.06. Mullen Group has a fifty-two week low of C$12.47 and a fifty-two week high of C$16.02. The firm has a market capitalization of C$1.32 billion, a PE ratio of 10.91, a P/E/G ratio of 1.81 and a beta of 1.81. The company’s 50-day moving average is C$13.14 and its 200 day moving average is C$13.96.

Mullen Group Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be paid a dividend of $0.06 per share. The ex-dividend date is Wednesday, July 31st. This represents a $0.72 annualized dividend and a dividend yield of 4.82%. Mullen Group’s payout ratio is currently 52.55%.

Insider Transactions at Mullen Group

In related news, Senior Officer Carson Paul Urlacher purchased 25,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was bought at an average price of C$12.90 per share, for a total transaction of C$322,500.00. 6.30% of the stock is currently owned by company insiders.

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.