Mullen Group (TSE:MTL - Free Report) had its target price increased by CIBC from C$15.00 to C$16.50 in a report released on Thursday morning,BayStreet.CA reports.
Several other research analysts have also recently weighed in on MTL. Desjardins set a C$18.00 price target on Mullen Group and gave the company a "buy" rating in a research report on Thursday, May 22nd. Cormark reduced their price target on Mullen Group from C$18.50 to C$17.00 in a research report on Thursday, April 24th. Royal Bank of Canada reduced their price target on 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. TD Securities reduced 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 report on Tuesday, April 15th. Finally, Raymond James upgraded Mullen Group from a "market perform" rating to an "outperform" rating and reduced their price target for the company from C$17.00 to C$16.75 in a research report on Thursday, April 24th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$17.30.
Read Our Latest Report on MTL
Mullen Group Stock Performance
Shares of TSE:MTL traded up C$0.09 during trading on Thursday, hitting C$14.21. The stock had a trading volume of 61,294 shares, compared to its average volume of 248,504. Mullen Group has a 12-month low of C$11.81 and a 12-month high of C$16.06. The stock has a market capitalization of C$1.27 billion, a price-to-earnings ratio of 10.30, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69. The stock has a 50-day simple moving average of C$13.07 and a two-hundred day simple moving average of C$14.02.
Mullen Group Announces Dividend
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 dividend on an annualized basis and a dividend yield of 5.91%. 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
(
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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.
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