Mullen Group Ltd. (TSE:MTL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Mullen Group Ltd. (TSE:MTL) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$17.35.

Several research analysts have commented on the stock. Cibc World Mkts cut shares of Mullen Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 7th. Acumen Capital decreased their target price on shares of Mullen Group from C$18.25 to C$17.25 and set a “buy” rating for the company in a research report on Friday, July 25th. TD Securities upped their price target on shares of Mullen Group from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Raymond James Financial set a C$16.75 price target on shares of Mullen Group and gave the stock an “outperform” rating in a research note on Friday, July 25th. Finally, Scotiabank lowered shares of Mullen Group from a “strong-buy” rating to a “hold” rating and reduced their price target for the stock from C$16.50 to C$16.00 in a research note on Thursday, July 10th.

Mullen Group Price Performance

TSE MTL opened at C$14.32 on Tuesday. Mullen Group has a 52 week low of C$11.81 and a 52 week high of C$16.06. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 120.69. The stock has a market cap of C$1.25 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 1.81 and a beta of 0.69. The company has a 50-day moving average price of C$13.89 and a two-hundred day moving average price of C$13.70.

Mullen Group Dividend Announcement

The business also recently declared a sep 25 dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.07 dividend. Mullen Group’s dividend payout ratio is currently 74.77%.

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.