Mullen Group (TSE:MTL – Free Report) 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.
View Our Latest Analysis on MTL
Mullen Group Trading Up 1.8 %
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.
Featured Stories
- Five stocks we like better than Mullen Group
- Bank Stocks – Best Bank Stocks to Invest In
- Survey: Top 175 Fittest Retirement Locations in America
- What is a Low P/E Ratio and What Does it Tell Investors?
- Kimberly-Clark Stock Dips and a Buying Opportunity Emerges
- How to Invest in the Best Canadian StocksĀ
- Leading Gold Stock Shines With Q2 2024 Earnings Release
Receive News & Ratings for Mullen Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mullen Group and related companies with MarketBeat.com's FREE daily email newsletter.