Mullen Group Ltd. (TSE:MTL - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.02 and traded as high as C$14.21. Mullen Group shares last traded at C$14.12, with a volume of 53,048 shares.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on MTL. CIBC lifted their price objective on Mullen Group from C$15.00 to C$16.50 in a research note on Thursday, May 22nd. Scotiabank reduced their price objective on 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. Cormark dropped their target price on shares of Mullen Group from C$18.50 to C$17.00 in a research report on Thursday, April 24th. National Bankshares cut their target price on shares of Mullen Group from C$19.00 to C$18.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Finally, Raymond James upgraded shares of Mullen Group from a "market perform" rating to an "outperform" rating and decreased their price target for the stock from C$17.00 to C$16.75 in a research report on Thursday, April 24th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of C$17.30.
Read Our Latest Analysis on Mullen Group
Mullen Group Price Performance
The stock has a market capitalization of C$1.25 billion, a P/E ratio of 10.17, a PEG ratio of 1.81 and a beta of 1.82. The company's 50 day simple moving average is C$13.15 and its two-hundred day simple moving average is C$14.00. 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 Announces Dividend
The business also recently declared a monthly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 15th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.84 annualized dividend and a yield of 5.99%. Mullen Group's dividend payout ratio (DPR) is 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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