Shares of Mullen Group Ltd (TSE:MTL) have received an average recommendation of “Buy” from the nine research firms that are presently covering the firm, reports. Four research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$17.42.

Several equities research analysts recently weighed in on MTL shares. National Bank Financial cut Mullen Group from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$18.25 to C$16.50 in a research note on Monday, December 11th. TD Securities restated a “hold” rating and set a C$18.00 target price on shares of Mullen Group in a research note on Tuesday, October 31st. Industrial Alliance Securities decreased their target price on Mullen Group from C$20.00 to C$19.00 and set a “strong-buy” rating for the company in a research note on Tuesday, December 12th. Canaccord Genuity decreased their target price on Mullen Group from C$19.00 to C$18.00 in a research note on Friday, October 27th. Finally, CIBC decreased their target price on Mullen Group from C$19.00 to C$18.00 in a research note on Thursday, December 14th.

Mullen Group (TSE:MTL) opened at C$15.97 on Tuesday. The stock has a market capitalization of $1,640.00, a PE ratio of 28.02 and a beta of 0.38. Mullen Group has a 52 week low of C$14.44 and a 52 week high of C$20.01.

The company also recently declared a monthly dividend, which will be paid on Monday, January 15th. Shareholders of record on Sunday, December 31st will be given a dividend of $0.03 per share. This represents a $0.36 annualized dividend and a yield of 2.25%. The ex-dividend date is Thursday, December 28th. Mullen Group’s dividend payout ratio (DPR) is 68.42%.

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About Mullen Group

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.

Analyst Recommendations for Mullen Group (TSE:MTL)

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