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

Shares of Mullen Group Ltd. (TSE:MTL) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$17.35.

A number of equities research analysts recently issued reports on MTL shares. Scotiabank cut shares of Mullen Group from a “strong-buy” rating to a “hold” rating and dropped their target price for the stock from C$16.50 to C$16.00 in a research report on Thursday, July 10th. Royal Bank Of Canada increased their target price on shares of Mullen Group from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. 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 lowered their price objective 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. Finally, Raymond James Financial set a C$16.75 price objective on shares of Mullen Group and gave the company an “outperform” rating in a research report on Friday, July 25th.

Mullen Group Price Performance

TSE:MTL opened at C$14.35 on Tuesday. The company has a 50-day moving average of C$13.90 and a 200-day moving average of C$13.72. The company has a market capitalization of C$1.25 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 1.81 and a beta of 0.69. 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.

Mullen Group Dividend Announcement

The company also recently disclosed a sep 25 dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $0.07 per share. Mullen Group’s payout ratio is 74.77%.

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.