Mullen Group Ltd. (TSE:MTL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Mullen Group Ltd. (TSE:MTL) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$18.84.

Several research firms have weighed in on MTL. National Bankshares raised their price target on Mullen Group from C$18.00 to C$19.00 in a report on Monday, December 9th. Raymond James reduced their price target on shares of Mullen Group from C$18.50 to C$17.50 in a research report on Friday, February 14th. Scotiabank lowered their price objective on shares of Mullen Group from C$20.00 to C$19.00 in a research report on Thursday, January 30th. Finally, Cormark dropped their price objective on shares of Mullen Group from C$20.75 to C$19.75 in a research note on Tuesday, December 10th.

Mullen Group Stock Up 1.1 %

MTL opened at C$12.64 on Friday. The company has a market capitalization of C$1.13 billion, a PE ratio of 9.17, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The firm has a 50-day simple moving average of C$13.57 and a two-hundred day simple moving average of C$14.39. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 120.69. Mullen Group has a 52 week low of C$12.42 and a 52 week high of C$16.06.

Mullen Group Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were paid a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 6.65%. The ex-dividend date of this dividend was Friday, February 28th. Mullen Group’s payout ratio is currently 60.92%.

Insider Activity

In related news, Senior Officer Joanna Kathryn Scott bought 2,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was purchased at an average cost of C$13.23 per share, with a total value of C$26,460.00. Over the last 90 days, insiders have acquired 2,832 shares of company stock valued at $37,153. 6.32% of the stock is currently owned by insiders.

About Mullen Group

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.