Mullen Group (TSE:MTL) Price Target Lowered to C$18.00 at TD Securities

Mullen Group (TSE:MTL) had its price target reduced by TD Securities from C$21.00 to C$18.00 in a report released on Tuesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Other research analysts also recently issued reports about the company. Scotiabank reduced their target price on Mullen Group from C$20.00 to C$19.00 in a research note on Thursday, January 30th. Raymond James decreased their price objective on shares of Mullen Group from C$18.50 to C$17.50 in a report on Friday, February 14th. Finally, CIBC dropped their price objective on shares of Mullen Group from C$18.00 to C$15.00 in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Mullen Group has a consensus rating of “Moderate Buy” and a consensus price target of C$18.16.

Mullen Group Trading Up 1.8 %

Shares of TSE:MTL opened at C$12.56 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 debt-to-equity ratio of 120.69, a quick ratio of 1.06 and a current ratio of 1.62. The company has a market capitalization of C$1.12 billion, a P/E ratio of 9.11, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The company has a 50-day simple moving average of C$12.99 and a 200 day simple moving average of C$14.24.

Mullen Group Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were given a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 6.69%. The ex-dividend date was Friday, February 28th. Mullen Group’s dividend payout ratio is 60.92%.

Insider Buying and Selling at Mullen Group

In related news, Senior Officer Joanna Kathryn Scott bought 2,000 shares of Mullen Group stock in a transaction dated Tuesday, February 25th. The shares were bought at an average cost of C$13.23 per share, with a total value of C$26,460.00. Insiders acquired 2,832 shares of company stock valued at $37,153 in the last quarter. Company 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.