Mullen Group Ltd (MTL) Receives Average Recommendation of “Buy” from Analysts
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%.
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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.
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