Mullen Group Given Consensus Rating of “Hold” by Brokerages (TSE:MTL)
Shares of Mullen Group (TSE:MTL) have received a consensus recommendation of “Hold” from the eight brokerages that are covering the company, AnalystRatingsNetwork reports. Eight equities research analysts have rated the stock with a hold rating, The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$30.00.
MTL has been the subject of a number of recent research reports. Analysts at FirstEnergy Capital cut their price target on shares of Mullen Group from C$33.00 to C$31.50 in a research note on Friday. They now have a “market perform” rating on the stock. Separately, analysts at Scotiabank cut their price target on shares of Mullen Group from C$30.00 to C$29.00 in a research note on Friday. They now have a “sector perform” rating on the stock. Finally, analysts at CIBC cut their price target on shares of Mullen Group from C$33.00 to C$32.00 in a research note on Friday. They now have a “sector perform” rating on the stock.
Shares of Mullen Group (TSE:MTL) traded down 1.14% during mid-day trading on Monday, hitting $27.65. 421,646 shares of the company’s stock traded hands. Mullen Group has a 1-year low of $23.67 and a 1-year high of $31.34. The stock’s 50-day moving average is $30.23 and its 200-day moving average is $28.60. The company has a market cap of $2.532 billion and a price-to-earnings ratio of 19.03.
Mullen Group (TSE:MTL) last issued its quarterly earnings data on Friday, July 25th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.24 by $0.08. On average, analysts predict that Mullen Group will post $1.62 earnings per share for the current fiscal year.
The company also recently declared a jul 14 dividend, which is scheduled for Friday, August 15th. Stockholders of record on Thursday, July 31st will be given a dividend of $0.10 per share. This represents a yield of 4.02%. The ex-dividend date of this dividend is Tuesday, July 29th.
Mullen Group Ltd. (TSE:MTL) is a provider of specialized transportation and related services to the oil and natural gas industry in western Canada and is a supplier of trucking and logistics services in Canada.
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