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

Key Points

• Mullen Group Ltd. has received an average rating of "Moderate Buy" from analysts, with two hold ratings and six buy ratings among eight analysts covering the stock.
• The company's average 12-month price target is C$17.35, reflecting varying target price adjustments from different investment banks.
• Mullen Group announced a dividend of $0.07 per share to be paid on October 15th, with a current payout ratio of 74.77%.

Mullen Group Ltd. (TSE:MTL - Get Free Report) has earned an average rating of "Moderate Buy" from the eight ratings firms that are presently covering the stock, Marketbeat 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 brokers that have issued a report on the stock in the last year is C$17.35.

Several equities analysts recently commented on MTL shares. Acumen Capital reduced their target price 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 lowered shares of Mullen Group from a "strong-buy" rating to a "hold" rating and reduced their target price for the company from C$16.50 to C$16.00 in a report on Thursday, July 10th. Royal Bank Of Canada increased their target price on shares of Mullen Group from C$14.00 to C$15.00 and gave the company an "outperform" rating in a report on Wednesday, October 8th. Cibc World Mkts lowered shares of Mullen Group from a "strong-buy" rating to a "hold" rating in a report on Monday, July 7th. Finally, TD Securities increased their price target on shares of 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.

Mullen Group Price Performance

Shares of TSE:MTL opened at C$13.80 on Tuesday. The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06. Mullen Group has a one year low of C$11.81 and a one year high of C$16.06. The company's fifty day moving average price is C$13.82 and its 200-day moving average price is C$13.66. The firm has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 1.81 and a beta of 0.69.

Mullen Group Announces Dividend

The company also recently declared a sep 25 dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.07 per share. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.