Mullen Group Ltd. (TSE:MTL - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 changing hands.
Analyst Upgrades and Downgrades
MTL has been the topic of several analyst reports. Acumen Capital cut their target price on Mullen Group from C$18.75 to C$18.25 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Raymond James Financial upgraded Mullen Group from a "market perform" rating to an "outperform" rating and dropped their price target for the stock from C$17.00 to C$16.75 in a report on Thursday, April 24th. National Bankshares dropped their price target on Mullen Group from C$19.00 to C$18.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. TD Securities dropped their price target 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. Finally, Desjardins set a C$18.00 price target on Mullen Group and gave the stock a "buy" rating in a report on Thursday, May 22nd. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Mullen Group has an average rating of "Buy" and a consensus target price of C$17.30.
Read Our Latest Stock Analysis on MTL
Mullen Group Stock Performance
The stock has a market capitalization of C$1.25 billion, a P/E ratio of 10.21, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The company has a 50 day simple moving average of C$13.58 and a 200-day simple moving average of C$13.86. 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 company also recently announced a monthly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were paid a $0.07 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $0.84 annualized dividend and a dividend yield of 5.97%. Mullen Group's payout ratio is presently 60.92%.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Mullen Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mullen Group wasn't on the list.
While Mullen Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
