Mullen Group Ltd. (TSE:MTL) Receives C$17.30 Average Price Target from Analysts

Shares of Mullen Group Ltd. (TSE:MTL - Get Free Report) have earned an average rating of "Buy" from the nine research firms that are covering the stock, MarketBeat reports. Nine investment analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have covered the stock in the last year is C$17.30.

A number of analysts have recently commented on the company. Raymond James raised 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. TD Securities cut their target price on shares of Mullen Group from C$21.00 to C$18.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Royal Bank of Canada decreased their price target on shares of Mullen Group from C$16.00 to C$14.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Acumen Capital cut their price target on shares of Mullen Group from C$18.75 to C$18.25 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Cormark decreased their price objective on Mullen Group from C$18.50 to C$17.00 in a report on Thursday, April 24th.

Mullen Group Price Performance

Shares of Mullen Group stock traded down C$0.03 during midday trading on Wednesday, hitting C$14.10. 172,267 shares of the company traded hands, compared to its average volume of 238,301. The firm's fifty day moving average price is C$13.44 and its 200-day moving average price is C$13.91. The stock has a market cap of C$1.26 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 1.81 and a beta of 1.82. Mullen Group has a 12 month low of C$11.81 and a 12 month high of C$16.06. The company has a debt-to-equity ratio of 120.69, a quick ratio of 1.06 and a current ratio of 1.62.

Mullen Group Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th were given a $0.07 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.96%. The ex-dividend date of this dividend was Wednesday, April 30th. Mullen Group's dividend payout ratio (DPR) is presently 60.92%.

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.