Brokerages Set Mullen Group Ltd. (TSE:MTL) Price Target at C$18.97

Mullen Group Ltd. (TSE:MTL) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$18.97.

Several analysts have recently weighed in on the stock. Cormark dropped their price target on shares of Mullen Group from C$20.75 to C$19.75 in a research note on Tuesday, December 10th. BMO Capital Markets increased their price objective on Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. TD Securities reduced their target price on Mullen Group from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. National Bankshares upped their price target on Mullen Group from C$18.00 to C$19.00 in a research note on Monday, December 9th. Finally, CIBC raised their price objective on Mullen Group from C$16.50 to C$17.50 in a research report on Friday, October 25th.

Mullen Group Trading Down 0.5 %

Shares of MTL opened at C$14.69 on Wednesday. Mullen Group has a 12-month low of C$12.47 and a 12-month high of C$16.06. The firm has a market capitalization of C$1.29 billion, a P/E ratio of 10.96, a P/E/G ratio of 1.81 and a beta of 1.82. The firm has a 50-day moving average price of C$15.15 and a 200 day moving average price of C$14.24. The company has a current ratio of 0.75, a quick ratio of 1.06 and a debt-to-equity ratio of 93.56.

Mullen Group Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.07 per share. The ex-dividend date was Thursday, October 31st. This represents a $0.84 annualized dividend and a dividend yield of 5.72%. Mullen Group’s dividend payout ratio is presently 62.69%.

Mullen Group Company Profile

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.