Mullen Group Ltd. (TSE:MTL) Receives C$17.35 Consensus Target Price from Brokerages

Shares of Mullen Group Ltd. (TSE:MTL) have been given a consensus recommendation of “Moderate Buy” by the eight research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$17.35.

A number of research firms have recently weighed in on MTL. Scotiabank lowered Mullen Group from a “strong-buy” rating to a “hold” rating and dropped their price objective for the stock from C$16.50 to C$16.00 in a research note on Thursday, July 10th. Cibc World Mkts lowered Mullen Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 7th. TD Securities upped their price objective on Mullen Group from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Raymond James Financial set a C$16.75 price objective on Mullen Group and gave the stock an “outperform” rating in a research note on Friday, July 25th. Finally, Acumen Capital dropped their price objective on Mullen Group from C$18.25 to C$17.25 and set a “buy” rating for the company in a research note on Friday, July 25th.

Mullen Group Stock Performance

TSE MTL opened at C$14.30 on Tuesday. The firm has a market cap of C$1.25 billion, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 1.81 and a beta of 0.69. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69. The business has a 50-day moving average price of C$13.87 and a 200-day moving average price of C$13.68. Mullen Group has a twelve month low of C$11.81 and a twelve month high of C$16.06.

Mullen Group Dividend Announcement

The company also recently announced a sep 25 dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a $0.07 dividend. Mullen Group’s dividend payout ratio is currently 74.77%.

About Mullen Group

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.