A number of research firms have changed their ratings and price targets for Mullen Group (TSE: MTL):

  • 10/31/2017 – Mullen Group had its “hold” rating reaffirmed by analysts at TD Securities. They now have a C$18.00 price target on the stock.
  • 10/27/2017 – Mullen Group had its price target lowered by analysts at Canaccord Genuity from C$19.00 to C$18.00.
  • 10/26/2017 – Mullen Group had its price target lowered by analysts at National Bank Financial from C$18.75 to C$18.25. They now have an “outperform” rating on the stock.
  • 10/12/2017 – Mullen Group was downgraded by analysts at Scotiabank from an “outperform” rating to a “sector perform” rating. They now have a C$17.50 price target on the stock, down previously from C$18.00.

The firm also recently announced a monthly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were issued a $0.03 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.13%.

Mullen Group Ltd is a Canada-based supplier of trucking and logistics services. It operates through two operating segments: Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment consists of over 10 Business Units, offering a range of truckload and less-than-truckload (LTL) general freight services to customers in Canada and the United States, such as transporting goods, including general freight; commodities, such as cable, pipe and steel; over-dimensional loads, such as heavy equipment and compressors, and dry bulk commodities, such as cement and frac sand.

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