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

Mullen Group Ltd. (TSE:MTL) has received an average rating of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$18.97.

Several equities analysts have recently commented on the stock. National Bankshares upped their price objective on shares of Mullen Group from C$18.00 to C$19.00 in a report on Monday, December 9th. Cormark decreased their price target on Mullen Group from C$20.75 to C$19.75 in a research note on Tuesday, December 10th. TD Securities cut their price objective on Mullen Group from C$22.00 to C$21.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. BMO Capital Markets increased their target price on Mullen Group from C$17.00 to C$20.00 in a research note on Friday, October 25th. Finally, CIBC lifted their target price on Mullen Group from C$16.50 to C$17.50 in a research report on Friday, October 25th.

Mullen Group Stock Up 0.5 %

Shares of MTL opened at C$14.70 on Wednesday. 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 firm has a market cap of C$1.29 billion, a P/E ratio of 10.97, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The company’s 50-day moving average price is C$15.13 and its 200 day moving average price is C$14.21. Mullen Group has a 12-month low of C$12.47 and a 12-month high of C$16.06.

Mullen Group Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, October 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.71%. Mullen Group’s payout ratio is 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.