Mullen Group (TSE:MTL) Price Target Raised to C$19.00

Mullen Group (TSE:MTL) had its target price increased by National Bankshares from C$18.00 to C$19.00 in a report published on Monday,BayStreet.CA reports.

Other research analysts also recently issued research reports about the company. BMO Capital Markets raised their price target on Mullen Group from C$17.00 to C$20.00 in a research note on Friday, October 25th. CIBC lifted their target price on shares of Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. TD Securities decreased their price target on shares of Mullen Group from C$22.00 to C$21.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Finally, Raymond James raised their price objective on shares of Mullen Group from C$17.25 to C$18.75 in a research report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.97.

Mullen Group Stock Performance

TSE MTL opened at C$15.43 on Monday. The company has a fifty day moving average of C$15.00 and a two-hundred day moving average of C$14.10. The company has a market capitalization of C$1.35 billion, a PE ratio of 11.51, a P/E/G ratio of 1.81 and a beta of 1.82. Mullen Group has a 1 year low of C$12.47 and a 1 year high of C$16.06. The company has a debt-to-equity ratio of 93.56, a current ratio of 0.75 and a quick ratio of 1.06.

Mullen Group Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.07 per share. The ex-dividend date was Thursday, October 31st. This represents a $0.84 dividend on an annualized basis and a yield of 5.44%. Mullen Group’s payout ratio is currently 62.69%.

About Mullen Group

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.