Mullen Group Ltd. (TSE:MTL - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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.
Analysts Set New Price Targets
MTL has been the subject of a number of research analyst reports. Royal Bank of Canada lowered their price target on 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. National Bankshares lowered their price target on 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. TD Securities lowered their price target on Mullen Group from C$21.00 to C$18.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Cormark lowered their price target on Mullen Group from C$18.50 to C$17.00 in a report on Thursday, April 24th. Finally, Acumen Capital lowered their price target on Mullen Group from C$18.75 to C$18.25 and set a "buy" rating for the company in a report on Thursday, April 24th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$17.15.
Read Our Latest Analysis on MTL
Mullen Group Trading 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 firm has a market cap 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 has a 50 day moving average of C$12.92 and a 200 day moving average of C$14.07.
Mullen Group Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date was Wednesday, April 30th. Mullen Group's payout ratio is 60.92%.
Insiders Place Their Bets
In related news, Senior Officer Joanna Kathryn Scott bought 2,000 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average cost of C$13.23 per share, for a total transaction of C$26,460.00. In the last ninety days, insiders have acquired 2,832 shares of company stock valued at $37,153. 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.
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