Shares of Mullen Group Ltd. (TSE:MTL - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$13.71 and traded as high as C$14.10. Mullen Group shares last traded at C$14.00, with a volume of 287,558 shares traded.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the company. TD Securities raised their target price on Mullen Group from C$18.00 to C$19.00 and gave the company a "buy" rating in a research report on Friday. Raymond James Financial set a C$16.75 price target on Mullen Group and gave the stock an "outperform" rating in a research report on Friday. National Bankshares cut their price objective on 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. Desjardins set a C$18.00 target price on Mullen Group and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Finally, Royal Bank Of Canada decreased their target price on Mullen Group from C$16.00 to C$14.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$17.25.
Read Our Latest Analysis on MTL
Mullen Group Price Performance
The company has a 50-day moving average of C$14.09 and a 200 day moving average of C$13.69. 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 stock has a market capitalization of C$1.22 billion, a PE ratio of 9.96, a PEG ratio of 1.81 and a beta of 1.82.
Mullen Group Announces Dividend
The firm also recently announced a monthly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, April 30th. This represents a $0.84 annualized dividend and a yield of 6.12%. Mullen Group's dividend payout ratio (DPR) is presently 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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