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.
Check Out Our Latest Research Report on Mullen Group
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
(
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.
Further Reading

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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.