Mullen Group (TSE:MTL) Price Target Raised to C$17.00

Mullen Group (TSE:MTL) had its price objective hoisted by Royal Bank Of Canada from C$15.00 to C$17.00 in a report issued on Thursday,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other analysts have also recently issued reports on the stock. Raymond James Financial set a C$16.75 target price on shares of Mullen Group and gave the company an “outperform” rating in a research note on Friday, July 25th. National Bankshares reduced their target price on shares of Mullen Group from C$17.00 to C$16.50 and set an “outperform” rating for the company in a research note on Thursday. TD Securities lifted their target price on shares of Mullen Group from C$19.00 to C$20.00 and gave the company a “buy” rating in a research note on Thursday. Cibc World Mkts cut shares of Mullen Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 7th. Finally, Scotiabank cut shares of Mullen Group from a “strong-buy” rating to a “hold” rating and reduced their price objective for the stock from C$16.50 to C$16.00 in a research note on Thursday, July 10th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Mullen Group has an average rating of “Moderate Buy” and a consensus price target of C$17.22.

Mullen Group Stock Performance

MTL stock opened at C$14.40 on Thursday. The company has a debt-to-equity ratio of 120.69, a quick ratio of 1.06 and a current ratio of 1.62. The stock has a market cap of C$1.25 billion, a P/E ratio of 12.97, a P/E/G ratio of 1.81 and a beta of 0.69. The firm has a 50 day simple moving average of C$13.96 and a 200 day simple moving average of C$13.77. Mullen Group has a 52 week low of C$11.81 and a 52 week high of C$16.06.

Mullen Group Announces Dividend

The firm also recently declared a sep 25 dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $0.07 dividend. Mullen Group’s dividend payout ratio (DPR) is presently 74.77%.

Mullen Group Company Profile

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.