Shares of Mullen Group Ltd. (TSE:MTL - Get Free Report) have earned a consensus recommendation of "Buy" from the eight analysts that are currently covering the company, MarketBeat reports. Eight analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$17.15.
MTL has been the subject of a number of analyst reports. Desjardins set a C$18.00 price target on Mullen Group and gave the company a "buy" rating in a research note on Tuesday. Cormark cut their price target on Mullen Group from C$18.50 to C$17.00 in a research note on Thursday, April 24th. CIBC cut their price target on Mullen Group from C$18.00 to C$15.00 in a research note on Thursday, April 10th. Raymond James upgraded Mullen Group from a "market perform" rating to an "outperform" rating and cut their price target for the company from C$17.00 to C$16.75 in a research note on Thursday, April 24th. Finally, TD Securities cut their price target on Mullen Group from C$21.00 to C$18.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th.
View Our Latest Research Report on Mullen Group
Insider Buying and Selling at Mullen Group
In other Mullen Group news, Senior Officer Joanna Kathryn Scott bought 2,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were acquired at an average price of C$13.23 per share, with a total value of C$26,460.00. Insiders have acquired 2,832 shares of company stock valued at $37,153 in the last 90 days. 6.32% of the stock is currently owned by company insiders.
Mullen Group Stock Performance
MTL opened at C$14.30 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 120.69. The company's fifty day moving average price is C$12.92 and its two-hundred day moving average price is C$14.07. Mullen Group has a 1-year low of C$11.81 and a 1-year high of C$16.06. The company has a market cap of C$1.27 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 1.81 and a beta of 1.82.
Mullen Group Dividend Announcement
The firm also recently announced a monthly dividend, which was paid on Thursday, May 15th. Shareholders 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 yield of 5.87%. Mullen Group's payout ratio is 60.92%.
About Mullen Group
(
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.
See Also
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.
Before you consider Mullen Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mullen Group wasn't on the list.
While Mullen Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
