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

Key Points

• Mullen Group Ltd. has received an average rating of "Moderate Buy" from eight ratings firms, with six issuing buy ratings and two recommending a hold.
• The average 12-month target price for Mullen Group shares is C$17.25, as reported by analysts covering the stock.
• Mullen Group's shares currently trade at C$13.90, with a 52-week low of C$11.81 and a high of C$16.06, while the company has a market cap of C$1.24 billion.

Mullen Group Ltd. (TSE:MTL - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$17.25.

A number of research firms have commented on MTL. CIBC lifted their target price on Mullen Group from C$15.00 to C$16.50 in a research report on Thursday, May 22nd. Cibc World Mkts downgraded Mullen Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 7th. Desjardins set a C$18.00 target price on Mullen Group and gave the company a "buy" rating in a research report on Thursday, May 22nd. Acumen Capital reduced their target price on Mullen Group from C$18.25 to C$17.25 and set a "buy" rating on the stock in a research report on Friday, July 25th. Finally, Raymond James Financial set a C$16.75 target price on Mullen Group and gave the company an "outperform" rating in a research report on Friday, July 25th.

Mullen Group Trading Down 0.5%

TSE MTL traded down C$0.07 on Monday, reaching C$13.77. 201,558 shares of the company were exchanged, compared to its average volume of 233,779. The business's fifty day moving average price is C$13.81 and its 200 day moving average price is C$13.48. The stock has a market capitalization of C$1.20 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 1.81 and a beta of 0.62. 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 fifty-two week low of C$11.81 and a fifty-two week high of C$16.06.

Mullen Group Announces Dividend

The company also recently disclosed a aug 25 dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 15th will be issued a $0.07 dividend. This represents a dividend yield of 607.0%. The ex-dividend date is Sunday, August 31st. Mullen Group's payout ratio is currently 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.