Shares of Mullen Group Ltd. (TSE:MTL - Get Free Report) have been given a consensus rating of "Buy" by the eight ratings firms that are presently covering the stock, Marketbeat reports. Eight 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$17.06.
A number of research analysts have issued reports on the company. Acumen Capital decreased their price target on Mullen Group from C$18.75 to C$18.25 and set a "buy" rating for the company in a report on Thursday. Scotiabank decreased their target price on shares of Mullen Group from C$17.00 to C$16.50 and set an "outperform" rating for the company in a research note on Thursday. Royal Bank of Canada dropped their price target on shares of Mullen Group from C$16.00 to C$14.00 and set an "outperform" rating on the stock in a research report on Tuesday. Raymond James upgraded shares of Mullen Group from a "market perform" rating to an "outperform" rating and decreased their price objective for the stock from C$17.00 to C$16.75 in a research report on Thursday. Finally, CIBC dropped their target price on Mullen Group from C$18.00 to C$15.00 in a research report on Thursday, April 10th.
View Our Latest Analysis on MTL
Mullen Group Stock Performance
Shares of TSE MTL traded down C$0.17 during trading on Tuesday, reaching C$13.06. 164,926 shares of the company traded hands, compared to its average volume of 275,355. The stock has a market cap of C$1.16 billion, a P/E ratio of 9.47, a PEG ratio of 1.81 and a beta of 1.82. The firm's fifty day simple moving average is C$12.80 and its 200 day simple moving average is C$14.15. 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.
Mullen Group Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were paid a $0.07 dividend. This represents a $0.84 annualized dividend and a dividend yield of 6.43%. The ex-dividend date was Friday, February 28th. Mullen Group's dividend payout ratio is currently 60.92%.
Insider Activity at Mullen Group
In other news, Senior Officer Joanna Kathryn Scott purchased 2,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average price of C$13.23 per share, with a total value of C$26,460.00. In the last quarter, insiders acquired 2,832 shares of company stock valued at $37,153. Corporate insiders own 6.32% of the company's stock.
About Mullen Group
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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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