Shares of Mullen Group Ltd. (TSE:MTL - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$14.07 and traded as high as C$14.56. Mullen Group shares last traded at C$14.36, with a volume of 328,708 shares traded.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the stock. Scotiabank dropped their price objective on shares of Mullen Group from C$17.00 to C$16.50 and set an "outperform" rating for the company in a research note on Thursday, April 24th. TD Securities reduced their price target on shares of 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. Raymond James upgraded Mullen Group from a "market perform" rating to an "outperform" rating and cut their target price for the company from C$17.00 to C$16.75 in a research note on Thursday, April 24th. Royal Bank of Canada reduced their target price on Mullen Group from C$16.00 to C$14.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Finally, Desjardins set a C$18.00 price target on shares of Mullen Group and gave the company a "buy" rating in a report on Tuesday, May 13th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, Mullen Group presently has an average rating of "Buy" and an average target price of C$17.15.
Check Out Our Latest Report on Mullen Group
Mullen Group Stock Down 0.6%
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 market capitalization of C$1.27 billion, a price-to-earnings ratio of 10.37, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The business's 50-day moving average is C$12.92 and its two-hundred day moving average is C$14.06.
Mullen Group Announces Dividend
The company also recently announced a monthly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were given a dividend of $0.07 per share. The ex-dividend date of this dividend 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%.
Insider Activity
In other Mullen Group news, Senior Officer Joanna Kathryn Scott bought 2,000 shares of Mullen Group stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average cost of C$13.23 per share, for a total transaction of C$26,460.00. Insiders have bought 2,832 shares of company stock valued at $37,153 in the last three months. Corporate insiders own 6.32% of the company's stock.
About Mullen Group
(
Get Free Report)
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.
Further Reading
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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
