Mullen Group Ltd. (TSE:MTL - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.77 and traded as high as C$14.44. Mullen Group shares last traded at C$14.40, with a volume of 35,979 shares.
Analyst Upgrades and Downgrades
MTL has been the subject of several analyst reports. CIBC upped their price target on Mullen Group from C$15.00 to C$16.50 in a research note on Thursday, May 22nd. Cormark cut their price objective on Mullen Group from C$18.50 to C$17.00 in a research report on Thursday, April 24th. Desjardins set a C$18.00 price objective on Mullen Group and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Raymond James Financial upgraded Mullen Group from a "market perform" rating to an "outperform" rating and cut their price objective for the stock from C$17.00 to C$16.75 in a research report on Thursday, April 24th. Finally, Acumen Capital cut their price objective on Mullen Group from C$18.75 to C$18.25 and set a "buy" rating for the company in a research report on Thursday, April 24th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$17.30.
Get Our Latest Stock Analysis on MTL
Mullen Group Trading Down 2.0%
The firm has a market cap of C$1.26 billion, a PE ratio of 10.26, a PEG ratio of 1.81 and a beta of 1.82. The business has a 50-day moving average price of C$14.02 and a two-hundred day moving average price of C$13.75. 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 Announces Dividend
The company also recently declared 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 5.94%. The ex-dividend date of this dividend was Wednesday, April 30th. Mullen Group's dividend payout ratio is currently 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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