Brokerages Set Mullen Group Ltd. (TSE:MTL) PT at C$18.84

Mullen Group Ltd. (TSE:MTL) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$18.84.

Several equities research analysts recently commented on the company. Scotiabank lowered their price target on Mullen Group from C$20.00 to C$19.00 in a research note on Thursday, January 30th. National Bankshares boosted their price target on Mullen Group from C$18.00 to C$19.00 in a research note on Monday, December 9th. Raymond James lowered their price target on Mullen Group from C$18.50 to C$17.50 in a research note on Friday, February 14th. Finally, Cormark decreased their target price on Mullen Group from C$20.75 to C$19.75 in a research report on Tuesday, December 10th.

Insider Transactions at Mullen Group

In other Mullen Group news, Senior Officer Joanna Kathryn Scott purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was bought at an average cost of C$13.23 per share, for a total transaction of C$26,460.00. Corporate insiders own 6.32% of the company’s stock.

Mullen Group Trading Up 1.1 %

Shares of TSE MTL opened at C$13.10 on Monday. The stock has a market cap of C$1.17 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 1.81 and a beta of 1.82. The business has a 50 day simple moving average of C$14.32 and a 200 day simple moving average of C$14.59. Mullen Group has a 52 week low of C$12.47 and a 52 week high of C$16.06. The company has a debt-to-equity ratio of 120.69, a quick ratio of 1.06 and a current ratio of 1.62.

Mullen Group Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 6.41%. Mullen Group’s payout ratio is currently 60.92%.

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.