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

Shares of Mullen Group Ltd. (TSE:MTL) have been given an average recommendation of “Moderate Buy” by the eight research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$18.86.

MTL has been the subject of a number of research reports. Raymond James upped their target price on shares of Mullen Group from C$17.25 to C$18.75 in a report on Friday, October 25th. BMO Capital Markets increased their price objective on Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. TD Securities lowered their target price on Mullen Group from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Finally, CIBC upped their price target on Mullen Group from C$16.50 to C$17.50 in a research note on Friday, October 25th.

Mullen Group Price Performance

MTL stock opened at C$15.43 on Friday. The business has a 50 day simple moving average of C$14.75 and a 200-day simple moving average of C$13.91. The company has a market capitalization of C$1.35 billion, a P/E ratio of 11.50, a PEG 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. The company has a current ratio of 0.75, a quick ratio of 1.06 and a debt-to-equity ratio of 93.56.

Mullen Group Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.44%. Mullen Group’s dividend payout ratio (DPR) is presently 62.69%.

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.