Mullen Group Ltd. (TSE:MTL) Receives C$18.97 Consensus Price Target from Analysts

Shares of Mullen Group Ltd. (TSE:MTL) have earned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat.com reports. One equities research 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$18.97.

A number of brokerages have recently weighed in on MTL. National Bankshares boosted their price target on Mullen Group from C$18.00 to C$19.00 in a research note on Monday, December 9th. Raymond James dropped their target price on shares of Mullen Group from C$18.75 to C$18.50 in a research report on Tuesday, December 10th. CIBC raised their price target on shares of Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. 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. Finally, BMO Capital Markets raised their target price on Mullen Group from C$17.00 to C$20.00 in a research note on Friday, October 25th.

Mullen Group Stock Performance

MTL stock opened at C$14.19 on Thursday. Mullen Group has a one year low of C$12.47 and a one year high of C$16.06. The firm has a market cap of C$1.25 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 1.81 and a beta of 1.82. The company has a debt-to-equity ratio of 93.56, a quick ratio of 1.06 and a current ratio of 0.75. The firm has a 50-day simple moving average of C$14.91 and a two-hundred day simple moving average of C$14.65.

Mullen Group Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be issued a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 5.92%. The ex-dividend date is Friday, January 31st. 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.