Mullen Group Given Consensus Recommendation of “Hold” by Brokerages (TSE:MTL)
Mullen Group (TSE:MTL) has earned an average rating of “Hold” from the eight ratings firms that are presently covering the company, American Banking News.com reports. Eight analysts have rated the stock with a hold recommendation, The average 1-year target price among brokers that have covered the stock in the last year is C$30.00.
Shares of Mullen Group (TSE:MTL) opened at 27.91 on Monday. Mullen Group has a one year low of $24.30 and a one year high of $31.34. The stock has a 50-day moving average of $30.06 and a 200-day moving average of $28.60. The company has a market cap of $2.556 billion and a P/E ratio of 19.43.
Mullen Group (TSE:MTL) last posted its quarterly earnings results on Friday, July 25th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.08. On average, analysts predict that Mullen Group will post $1.58 earnings per share for the current fiscal year.
The company also recently declared a jul 14 dividend, which is scheduled for Friday, August 15th. Investors 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.
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, July 25th. 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, July 25th. 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, July 25th. They now have a “sector perform” rating on the stock.
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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