Mullen Group Ltd. (TSE:MTL) Given Consensus Recommendation of "Buy" by Analysts

Shares of Mullen Group Ltd. (TSE:MTL - Get Free Report) have been assigned a consensus rating of "Buy" from the eight analysts that are covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$17.30.

MTL has been the topic of a number of analyst reports. Desjardins set a C$18.00 price objective on shares of Mullen Group and gave the company a "buy" rating in a research note on Thursday, May 22nd. Scotiabank dropped their price objective on shares of Mullen Group from C$17.00 to C$16.50 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Acumen Capital dropped their price objective on shares of Mullen Group from C$18.75 to C$18.25 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Raymond James Financial upgraded shares of Mullen Group from a "market perform" rating to an "outperform" rating and dropped their price objective for the company from C$17.00 to C$16.75 in a research note on Thursday, April 24th. Finally, Cormark cut their price target on shares of Mullen Group from C$18.50 to C$17.00 in a report on Thursday, April 24th.

Mullen Group Stock Down 0.3%

Shares of MTL traded down C$0.04 during mid-day trading on Friday, reaching C$14.40. 35,979 shares of the stock traded hands, compared to its average volume of 225,556. The firm has a market cap of C$1.28 billion, a price-to-earnings ratio of 10.44, a P/E/G ratio of 1.81 and a beta of 1.82. The stock has a fifty day simple moving average of C$13.98 and a 200 day simple moving average of C$13.76. Mullen Group has a 12-month low of C$11.81 and a 12-month high of C$16.06. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69.

Mullen Group Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 15th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.84 annualized dividend and a yield of 5.83%. Mullen Group's dividend payout ratio is presently 60.92%.

Mullen Group Company Profile

Mullen 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.