Mullen Group Ltd. (TSE:MTL - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$13.73 and traded as high as C$14.09. Mullen Group shares last traded at C$14.04, with a volume of 176,984 shares.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on MTL shares. Raymond James Financial upgraded shares of Mullen Group from a "market perform" rating to an "outperform" rating and reduced their target price for the stock from C$17.00 to C$16.75 in a report on Thursday, April 24th. TD Securities reduced their price target on shares of Mullen Group from C$21.00 to C$18.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Cormark cut their target price on shares of Mullen Group from C$18.50 to C$17.00 in a research report on Thursday, April 24th. Acumen Capital dropped their price target on shares of Mullen Group from C$18.75 to C$18.25 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, Cibc World Mkts lowered shares of Mullen Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 7th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$17.25.
Read Our Latest Research Report on Mullen Group
Mullen Group Stock Up 0.9%
The company has a debt-to-equity ratio of 120.69, a quick ratio of 1.06 and a current ratio of 1.62. The firm's 50-day simple moving average is C$14.12 and its 200-day simple moving average is C$13.73. The company has a market capitalization of C$1.26 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82.
Mullen Group Dividend Announcement
The business 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. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date was Wednesday, April 30th. Mullen Group's dividend 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.
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