Shares of Mullen Group Ltd. (TSE:MTL - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$13.97 and traded as high as C$14.21. Mullen Group shares last traded at C$14.08, with a volume of 173,855 shares.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on MTL. CIBC increased their target price on Mullen Group from C$15.00 to C$16.50 in a report on Thursday, May 22nd. Acumen Capital decreased their target price on Mullen Group from C$18.75 to C$18.25 and set a "buy" rating on the stock in a report on Thursday, April 24th. TD Securities decreased their target price on Mullen Group from C$21.00 to C$18.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Raymond James upgraded Mullen Group from a "market perform" rating to an "outperform" rating and decreased their target price for the stock from C$17.00 to C$16.75 in a report on Thursday, April 24th. Finally, Cormark decreased their target price on Mullen Group from C$18.50 to C$17.00 in a report on Thursday, April 24th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$17.30.
Read Our Latest Stock Report on Mullen Group
Mullen Group Price Performance
The company has a 50 day moving average of C$13.25 and a 200-day moving average of C$13.95. The firm has a market capitalization of C$1.24 billion, a P/E ratio of 10.14, a P/E/G ratio of 1.81 and a beta of 1.82. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 120.69.
Mullen Group Dividend Announcement
The business also recently announced a monthly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, April 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.01%. Mullen Group's payout ratio is 60.92%.
About Mullen Group
(
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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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