Mullen Group Ltd. (TSE:MTL) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Mullen Group Ltd. has received a consensus rating of "Moderate Buy" from eight analysts, with a reported average 1-year target price of C$17.25.
• The company recently declared a dividend of $0.07 per share, resulting in a significant dividend yield of 607.0%.
• Shares of Mullen Group currently opened at C$13.97, with a market capitalization of C$1.22 billion and a P/E ratio of 12.59.

Shares of Mullen Group Ltd. (TSE:MTL - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$17.25.

A number of analysts have commented on the stock. Raymond James Financial set a C$16.75 price target on shares of Mullen Group and gave the stock an "outperform" rating in a research report on Friday, July 25th. Acumen Capital cut their price target on shares of Mullen Group from C$18.25 to C$17.25 and set a "buy" rating on the stock in a report on Friday, July 25th. Scotiabank cut shares of Mullen Group from a "strong-buy" rating to a "hold" rating and lowered their price objective for the stock from C$16.50 to C$16.00 in a research report on Thursday, July 10th. TD Securities increased their target price on Mullen Group from C$18.00 to C$19.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, Cibc World Mkts cut Mullen Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 7th.

Mullen Group Stock Performance

Shares of TSE MTL remained flat at C$13.91 during trading on Friday. The stock had a trading volume of 178,560 shares, compared to its average volume of 226,555. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 120.69. The firm has a market capitalization of C$1.21 billion, a PE ratio of 12.53, a PEG ratio of 1.81 and a beta of 0.63. Mullen Group has a 1-year low of C$11.81 and a 1-year high of C$16.06. The stock has a 50 day simple moving average of C$13.70 and a 200 day simple moving average of C$13.54.

Mullen Group Announces Dividend

The firm also recently announced a sep 25 dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.07 per share. Mullen Group's dividend payout ratio (DPR) is presently 74.77%.

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.