Mullen Group Ltd. (TSE:MTL - Get Free Report) 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.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. Scotiabank decreased their target price on 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. Acumen Capital decreased their target price on Mullen Group from C$18.75 to C$18.25 and set a "buy" rating for the company in a research note on Thursday, April 24th. Royal Bank Of Canada decreased their target price on Mullen Group from C$16.00 to C$14.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. National Bankshares decreased their target price on Mullen Group from C$19.00 to C$18.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Finally, CIBC raised their target price on Mullen Group from C$15.00 to C$16.50 in a research note on Thursday, May 22nd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$17.30.
Get Our Latest Stock Analysis on MTL
Mullen Group Stock Performance
The company has a market cap of C$1.28 billion, a PE ratio of 10.44, a PEG 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 company has a 50-day moving average of C$13.98 and a 200-day moving average of C$13.75.
Mullen Group Announces Dividend
The business also recently announced a monthly dividend, which was paid on Thursday, May 15th. Investors 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 annualized dividend and a dividend yield of 5.83%. Mullen Group's payout ratio is 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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