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.
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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.
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