Brokerages Set Mullen Group Ltd. (TSE:MTL) Target Price at C$17.22

Shares of Mullen Group Ltd. (TSE:MTL) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$17.22.

Several equities analysts have commented on the stock. TD Securities raised their price target on shares of Mullen Group from C$19.00 to C$20.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. National Bankshares decreased their target price on Mullen Group from C$17.00 to C$16.50 and set an “outperform” rating for the company in a report on Thursday, October 23rd. Finally, Royal Bank Of Canada lifted their target price on Mullen Group from C$15.00 to C$17.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd.

Mullen Group Stock Down 0.1%

Shares of TSE:MTL opened at C$15.28 on Wednesday. The firm has a market capitalization of C$1.33 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 1.81 and a beta of 0.67. Mullen Group has a 1 year low of C$11.81 and a 1 year high of C$16.06. The company has a debt-to-equity ratio of 120.69, a current ratio of 1.62 and a quick ratio of 1.06. The firm’s 50-day moving average is C$14.28 and its two-hundred day moving average is C$14.03.

Mullen Group (TSE:MTL) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported C$0.36 EPS for the quarter. Mullen Group had a net margin of 6.18% and a return on equity of 12.39%. The business had revenue of C$561.72 million during the quarter.

Mullen Group Dividend Announcement

The business also recently disclosed a sep 25 dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.07 dividend. Mullen Group’s payout ratio is presently 79.25%.

About Mullen Group

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.