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

Shares of Mullen Group Ltd. (TSE:MTL) have been assigned an average rating of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$18.86.

Several brokerages have recently weighed in on MTL. CIBC upped their price target on shares of Mullen Group from C$16.50 to C$17.50 in a research report on Friday, October 25th. Raymond James upped their target price on Mullen Group from C$17.25 to C$18.75 in a report on Friday, October 25th. TD Securities cut their price target on Mullen Group from C$22.00 to C$21.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Finally, BMO Capital Markets upped their price objective on Mullen Group from C$17.00 to C$20.00 in a research note on Friday, October 25th.

Mullen Group Stock Performance

MTL stock opened at C$15.46 on Friday. The company has a debt-to-equity ratio of 93.56, a current ratio of 0.75 and a quick ratio of 1.06. Mullen Group has a 1-year low of C$12.47 and a 1-year high of C$15.78. The business has a 50-day moving average price of C$14.80 and a 200 day moving average price of C$13.94. The company has a market capitalization of C$1.36 billion, a P/E ratio of 11.51, a PEG ratio of 1.81 and a beta of 1.82.

Mullen Group Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date of this dividend was Thursday, October 31st. Mullen Group’s dividend payout ratio (DPR) is 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.