Mullen Group Ltd. (TSE:MTL - Get Free Report) has earned an average recommendation of "Buy" from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$17.30.
MTL has been the subject of several recent research reports. National Bankshares lowered their price objective on shares of Mullen Group from C$19.00 to C$18.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Raymond James Financial raised shares of Mullen Group from a "market perform" rating to an "outperform" rating and lowered their price objective for the company from C$17.00 to C$16.75 in a research report on Thursday, April 24th. Cormark lowered their price objective on shares of Mullen Group from C$18.50 to C$17.00 in a research report on Thursday, April 24th. Royal Bank Of Canada lowered their price objective on shares of Mullen Group from C$16.00 to C$14.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Finally, TD Securities lowered their price objective on shares of Mullen Group from C$21.00 to C$18.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th.
Check Out Our Latest Report on MTL
Mullen Group Trading Up 1.1%
MTL traded up C$0.16 on Friday, reaching C$14.31. 165,811 shares of the company's stock were exchanged, compared to its average volume of 225,831. The company has a debt-to-equity ratio of 120.69, a quick ratio of 1.06 and a current ratio of 1.62. Mullen Group has a twelve month low of C$11.81 and a twelve month high of C$16.06. The company's 50 day moving average is C$14.05 and its 200-day moving average is C$13.76. The company has a market cap of C$1.27 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 1.81 and a beta of 1.82.
Mullen Group Announces Dividend
The firm also recently announced a monthly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a dividend yield of 5.87%. The ex-dividend date of this dividend was Wednesday, April 30th. Mullen Group's dividend payout ratio (DPR) is currently 60.92%.
Mullen Group Company Profile
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Get Free ReportMullen Group is one of North America's largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation.
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