Shares of Mullen Group Ltd. (TSE:MTL - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$13.86 and traded as high as C$14.29. Mullen Group shares last traded at C$14.08, with a volume of 167,154 shares trading hands.
Analyst Ratings Changes
MTL has been the subject of a number of analyst reports. Acumen Capital cut their price objective on shares of 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. Scotiabank cut 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 report on Thursday, April 24th. Raymond James Financial upgraded shares of Mullen Group from a "market perform" rating to an "outperform" rating and cut their price objective for the company from C$17.00 to C$16.75 in a research report on Thursday, April 24th. National Bankshares cut their price objective on shares of Mullen Group from C$19.00 to C$18.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Finally, Desjardins set a C$18.00 price objective on shares of Mullen Group and gave the company a "buy" rating in a research report on Thursday, May 22nd. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of C$17.30.
View Our Latest Report on Mullen Group
Mullen Group Price Performance
The business's 50 day moving average is C$13.65 and its two-hundred day moving average is C$13.84. The firm has a market capitalization of C$1.26 billion, a PE ratio of 10.25, a P/E/G ratio of 1.81 and a beta of 1.82. 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 Dividend Announcement
The business also recently announced a monthly dividend, which was paid on Thursday, May 15th. Investors 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 5.94%. 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.
Further Reading
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