Mullen Group Ltd (TSE:MTL) Receives C$19.25 Consensus Price Target from Brokerages

Mullen Group Ltd (TSE:MTL) has been given a consensus rating of “Buy” by the ten research firms that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$18.89.

MTL has been the subject of several research analyst reports. National Bank Financial lowered shares of Mullen Group from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research note on Wednesday, April 19th. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a C$18.50 price objective on shares of Mullen Group in a research note on Thursday, April 20th. Scotiabank lowered their price objective on shares of Mullen Group from C$19.25 to C$18.00 and set an “outperform” rating for the company in a research note on Friday, April 21st. Royal Bank Of Canada lowered their price objective on shares of Mullen Group from C$20.00 to C$17.00 and set an “outperform” rating for the company in a research note on Friday, April 21st. Finally, BMO Capital Markets lowered their price objective on shares of Mullen Group from C$21.00 to C$19.00 in a research note on Friday, April 21st.

Shares of Mullen Group (MTL) traded down 1.30% during midday trading on Monday, hitting $15.24. 81,973 shares of the stock traded hands. Mullen Group has a 52 week low of $14.49 and a 52 week high of $20.32. The firm has a 50-day moving average price of $15.54 and a 200-day moving average price of $16.55. The stock has a market capitalization of $1.58 billion and a P/E ratio of 35.03.

The firm also recently declared a monthly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.36 dividend on an annualized basis and a yield of 2.36%.

In other Mullen Group news, Director Philip Scherman purchased 3,200 shares of the firm’s stock in a transaction on Tuesday, April 25th. The stock was acquired at an average price of C$15.38 per share, for a total transaction of C$49,216.00.

ILLEGAL ACTIVITY NOTICE: “Mullen Group Ltd (TSE:MTL) Receives C$19.25 Consensus Price Target from Brokerages” was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://sportsperspectives.com/2017/07/20/mullen-group-ltd-tsemtl-receives-c19-25-consensus-price-target-from-brokerages.html.

About Mullen Group

Mullen Group Ltd. is a supplier of trucking and logistics services in Canada. The Company operates through its Business Units, which are divided into two operating segments: Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment consists of over 10 Business Units, offering a range of truckload and less-than-truckload (LTL) general freight services to customers in Canada and the United States.

Analyst Recommendations for Mullen Group (TSE:MTL)

Receive News & Ratings for Mullen Group Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mullen Group Ltd and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply