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

Mullen Group Ltd. (TSE:MTL) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$17.22.

A number of brokerages recently commented on MTL. National Bankshares decreased their price target on Mullen Group from C$17.00 to C$16.50 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Raymond James Financial set a C$16.75 target price on shares of Mullen Group and gave the company an “outperform” rating in a report on Friday, July 25th. TD Securities boosted their target price on shares of Mullen Group from C$19.00 to C$20.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Acumen Capital cut their price target on shares of Mullen Group from C$18.25 to C$17.25 and set a “buy” rating for the company in a report on Friday, July 25th. Finally, Royal Bank Of Canada lifted their price objective on shares of Mullen Group from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd.

Mullen Group Trading Up 1.2%

Shares of TSE:MTL opened at C$14.16 on Friday. The business’s 50 day simple moving average is C$14.04 and its 200 day simple moving average is C$13.89. Mullen Group has a 1 year low of C$11.81 and a 1 year high of C$16.06. 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 company has a market capitalization of C$1.23 billion, a P/E ratio of 13.36, a P/E/G ratio of 1.81 and a beta of 0.75.

Mullen Group Dividend Announcement

The firm 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 payout ratio is 79.25%.

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.