Mullen Group (TSE:MTL) Given a C$18.00 Price Target by Desjardins Analysts

Desjardins set a C$18.00 target price on Mullen Group (TSE:MTL) in a report released on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued reports about the company. TD Securities dropped their price objective on Mullen Group from C$21.00 to C$18.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Raymond James upgraded Mullen Group from a “market perform” rating to an “outperform” rating and lowered their target price for the company from C$17.00 to C$16.75 in a research note on Thursday, April 24th. Cormark lowered their target price on Mullen Group from C$18.50 to C$17.00 in a research note on Thursday, April 24th. Scotiabank lowered their target price on Mullen Group from C$17.00 to C$16.50 and set an “outperform” rating for the company in a research note on Thursday, April 24th. Finally, Acumen Capital lowered their target price 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, April 24th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, Mullen Group has an average rating of “Buy” and an average target price of C$17.30.

Mullen Group Stock Performance

Mullen Group stock opened at C$14.05 on Thursday. 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 fifty day moving average price of C$13.05 and a two-hundred day moving average price of C$14.04. Mullen Group has a 52-week low of C$11.81 and a 52-week high of C$16.06. The firm has a market capitalization of C$1.25 billion, a P/E ratio of 10.19, a P/E/G ratio of 1.81 and a beta of 1.82.

Mullen Group Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 15th were issued a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 5.98%. The ex-dividend date was Wednesday, April 30th. Mullen Group’s dividend payout ratio is 60.92%.

Insider Activity at Mullen Group

In other news, Senior Officer Joanna Kathryn Scott purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average price of C$13.23 per share, for a total transaction of C$26,460.00. Insiders have bought a total of 2,832 shares of company stock worth $37,153 over the last 90 days. Insiders own 6.32% of the company’s stock.

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.