Shares of Mullen Group Ltd. (TSE:MTL - Get Free Report) have been given a consensus recommendation of "Buy" by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$17.30.
A number of equities research analysts have recently weighed in on MTL shares. Royal Bank Of Canada lowered their price objective on shares of Mullen Group from C$16.00 to C$14.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Raymond James Financial upgraded shares of Mullen Group from a "market perform" rating to an "outperform" rating and lowered their price objective for the stock from C$17.00 to C$16.75 in a report on Thursday, April 24th. National Bankshares lowered their price target on shares of Mullen Group from C$19.00 to C$18.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Desjardins set a C$18.00 price target on shares of Mullen Group and gave the company a "buy" rating in a research report on Thursday, May 22nd. Finally, Scotiabank dropped their price target on shares of 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.
Get Our Latest Stock Report on MTL
Mullen Group Price Performance
MTL stock opened at C$14.40 on Friday. 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 stock has a market cap of C$1.28 billion, a PE ratio of 10.44, a P/E/G ratio of 1.81 and a beta of 1.82. The firm has a 50 day simple moving average of C$13.98 and a two-hundred day simple moving average of C$13.76.
Mullen Group Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were paid 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 5.83%. Mullen Group's dividend payout ratio is currently 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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