Analysts Set Mullen Group Ltd. (TSE:MTL) PT at C$18.16

Shares of Mullen Group Ltd. (TSE:MTL) have earned a consensus rating of “Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$17.06.

Several equities analysts have issued reports on MTL shares. Cormark cut their price target on shares of Mullen Group from C$18.50 to C$17.00 in a report on Thursday. Scotiabank dropped their target price on Mullen Group from C$17.00 to C$16.50 and set an “outperform” rating on the stock in a research note on Thursday. Acumen Capital decreased their price target on Mullen Group from C$18.75 to C$18.25 and set a “buy” rating for the company in a research note on Thursday. Raymond James upgraded Mullen Group from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from C$17.00 to C$16.75 in a research note on Thursday. Finally, CIBC decreased their price objective on shares of Mullen Group from C$18.00 to C$15.00 in a research report on Thursday, April 10th.

Insiders Place Their Bets

In related news, Senior Officer Joanna Kathryn Scott acquired 2,000 shares of Mullen Group stock in a transaction on Tuesday, February 25th. The stock was acquired at an average price of C$13.23 per share, for a total transaction of C$26,460.00. In the last ninety days, insiders acquired 2,832 shares of company stock valued at $37,153. 6.32% of the stock is owned by insiders.

Mullen Group Trading Up 6.2 %

Shares of TSE MTL opened at C$13.23 on Tuesday. The business has a fifty day moving average price of C$12.81 and a 200 day moving average price of C$14.16. Mullen Group has a 1-year low of C$11.81 and a 1-year high of C$16.06. The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06. The stock has a market capitalization of C$1.18 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82.

Mullen Group Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were issued a $0.07 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.84 annualized dividend and a yield of 6.35%. Mullen Group’s dividend payout ratio (DPR) is presently 60.92%.

Mullen Group Company Profile

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.