Mullen Group (TSE:MTL) Given New C$14.00 Price Target at Royal Bank of Canada

Mullen Group (TSE:MTL - Free Report) had its target price reduced by Royal Bank of Canada from C$16.00 to C$14.00 in a report published on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts have also weighed in on the company. CIBC lowered their target price on Mullen Group from C$18.00 to C$15.00 in a report on Thursday, April 10th. TD Securities dropped their price objective on Mullen Group from C$21.00 to C$18.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Raymond James reduced their target price on shares of Mullen Group from C$18.50 to C$17.50 in a report on Friday, February 14th. Finally, Scotiabank cut their price objective on shares of Mullen Group from C$20.00 to C$19.00 in a research report on Thursday, January 30th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of C$17.06.

Mullen Group Stock Down 1.3 %

TSE:MTL traded down C$0.17 during mid-day trading on Tuesday, reaching C$13.06. The company's stock had a trading volume of 164,926 shares, compared to its average volume of 275,355. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69. Mullen Group has a 1 year low of C$11.81 and a 1 year high of C$16.06. The stock has a fifty day moving average of C$12.80 and a 200-day moving average of C$14.15. The firm has a market capitalization of C$1.16 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82.

Mullen Group Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 6.43%. Mullen Group's dividend payout ratio is currently 60.92%.

Insider Activity at Mullen Group

In other Mullen Group news, Senior Officer Joanna Kathryn Scott purchased 2,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average cost of C$13.23 per share, with a total value of C$26,460.00. In the last three months, insiders have purchased 2,832 shares of company stock valued at $37,153. 6.32% of the stock is owned by corporate insiders.

Mullen Group Company Profile

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.