Mullen Group Ltd. (TSE:MTL) Given Consensus Rating of “Moderate Buy” by Analysts

Mullen Group Ltd. (TSE:MTL) has been given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$18.97.

MTL has been the subject of several analyst reports. CIBC boosted their price target on Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. National Bankshares upped their target price on Mullen Group from C$18.00 to C$19.00 in a research note on Monday, December 9th. Raymond James decreased their price target on Mullen Group from C$18.75 to C$18.50 in a research note on Tuesday, December 10th. Cormark dropped their price objective on shares of Mullen Group from C$20.75 to C$19.75 in a research note on Tuesday, December 10th. Finally, BMO Capital Markets raised their target price on shares of Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th.

Mullen Group Stock Performance

Mullen Group stock opened at C$15.00 on Friday. The company has a debt-to-equity ratio of 93.56, a quick ratio of 1.06 and a current ratio of 0.75. Mullen Group has a fifty-two week low of C$12.47 and a fifty-two week high of C$16.06. The stock has a fifty day moving average of C$15.15 and a two-hundred day moving average of C$14.45. The company has a market capitalization of C$1.32 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 1.81 and a beta of 1.82.

Mullen Group Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.07 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.84 dividend on an annualized basis and a yield of 5.60%. Mullen Group’s dividend payout ratio is currently 62.69%.

About Mullen Group

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.