Shares of Mullen Group Ltd. (TSE:MTL - Get Free Report) have earned an average recommendation of "Buy" from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Nine analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$17.30.
MTL has been the subject of several research reports. Acumen Capital cut their price objective on Mullen Group from C$18.75 to C$18.25 and set a "buy" rating for the company in a research report on Thursday, April 24th. TD Securities cut their price objective on Mullen Group from C$21.00 to C$18.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Cormark cut their price objective on Mullen Group from C$18.50 to C$17.00 in a research report on Thursday, April 24th. Scotiabank cut their price objective on Mullen Group from C$17.00 to C$16.50 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Finally, CIBC lifted their price objective on Mullen Group from C$15.00 to C$16.50 in a research report on Thursday.
Read Our Latest Report on MTL
Insider Transactions at Mullen Group
In other news, Senior Officer Joanna Kathryn Scott acquired 2,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average cost of C$13.23 per share, for a total transaction of C$26,460.00. Insiders bought a total of 2,832 shares of company stock worth $37,153 in the last ninety days. Insiders own 6.32% of the company's stock.
Mullen Group Price Performance
Shares of Mullen Group stock remained flat at C$14.02 during trading on Friday. The company had a trading volume of 125,576 shares, compared to its average volume of 253,668. 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 1 year low of C$11.81 and a 1 year high of C$16.06. The stock has a market cap of C$1.25 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The stock has a fifty day moving average of C$13.03 and a 200 day moving average of C$14.05.
Mullen Group Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.07 per share. The ex-dividend date was Wednesday, April 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.99%. Mullen Group's payout ratio is 60.92%.
Mullen Group Company Profile
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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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