Analysts Set Mullen Group Ltd. (TSE:MTL) PT at C$17.25

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.

Mullen Group Ltd. (TSE:MTL - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight brokerages that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$17.25.

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

Mullen Group Stock Performance

Shares of TSE MTL traded down C$0.06 during trading on Friday, reaching C$13.91. 218,269 shares of the company traded hands, compared to its average volume of 226,821. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 120.69. Mullen Group has a 12-month low of C$11.81 and a 12-month high of C$16.06. The firm's fifty day simple moving average is C$13.70 and its 200 day simple moving average is C$13.53. The stock has a market cap of C$1.21 billion, a P/E ratio of 12.53, a PEG ratio of 1.81 and a beta of 0.63.

Mullen Group Announces Dividend

The company also recently disclosed a aug 25 dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 15th were given a $0.07 dividend. The ex-dividend date was Sunday, August 31st. This represents a yield of 607.0%. 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.