Shares of Mullen Group Ltd (TSE:MTL) have earned an average rating of “Buy” from the ten brokerages that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$18.81.

A number of research analysts recently issued reports on MTL shares. Raymond James Financial, Inc. restated an “outperform” rating and set a C$18.50 price target on shares of Mullen Group in a research note on Thursday, April 20th. Royal Bank Of Canada dropped their price target on Mullen Group from C$20.00 to C$17.00 and set an “outperform” rating on the stock in a research note on Friday, April 21st. BMO Capital Markets dropped their price target on Mullen Group from C$21.00 to C$19.00 in a research note on Friday, April 21st. Scotiabank dropped their price target on Mullen Group from C$19.25 to C$18.00 and set an “outperform” rating on the stock in a research note on Friday, April 21st. Finally, National Bank Financial downgraded Mullen Group from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research note on Wednesday, April 19th.

Shares of Mullen Group (TSE MTL) traded up 1.36% during midday trading on Friday, reaching $15.66. The company had a trading volume of 85,512 shares. The company’s 50 day moving average price is $15.76 and its 200 day moving average price is $16.15. Mullen Group has a 52-week low of $14.49 and a 52-week high of $20.32. The stock has a market capitalization of $1.62 billion and a PE ratio of 31.96.

The business also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.36 annualized dividend and a dividend yield of 2.30%.

TRADEMARK VIOLATION NOTICE: “Mullen Group Ltd (MTL) Receives Average Recommendation of “Buy” from Analysts” was published by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/08/11/mullen-group-ltd-mtl-receives-average-recommendation-of-buy-from-analysts.html.

Mullen Group Company Profile

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.