Mullen Group Ltd. (TSE:MTL) Receives C$18.84 Consensus Price Target from Analysts

Mullen Group Ltd. (TSE:MTL) has earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$18.84.

A number of analysts have issued reports on MTL shares. Scotiabank decreased their price target on Mullen Group from C$20.00 to C$19.00 in a report on Thursday, January 30th. National Bankshares raised their target price on Mullen Group from C$18.00 to C$19.00 in a research report on Monday, December 9th. Cormark lowered their price target on Mullen Group from C$20.75 to C$19.75 in a report on Tuesday, December 10th. Finally, Raymond James cut their price objective on shares of Mullen Group from C$18.50 to C$17.50 in a report on Friday, February 14th.

Insider Activity

In other Mullen Group news, Senior Officer Joanna Kathryn Scott bought 2,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average cost of C$13.23 per share, with a total value of C$26,460.00. Over the last ninety days, insiders bought 2,832 shares of company stock valued at $37,153. 6.32% of the stock is currently owned by company insiders.

Mullen Group Price Performance

Mullen Group stock opened at C$12.68 on Friday. The stock has a market cap of C$1.13 billion, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The company has a fifty day simple moving average of C$13.66 and a 200-day simple moving average of C$14.41. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 120.69. Mullen Group has a 12-month low of C$12.47 and a 12-month high of C$16.06.

Mullen Group Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were given a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a yield of 6.62%. The ex-dividend date was Friday, February 28th. Mullen Group’s dividend payout ratio (DPR) is 60.92%.

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.