Mullen Group (TSE:MTL) Given New C$19.00 Price Target at Scotiabank

Mullen Group (TSE:MTL) had its price objective lowered by Scotiabank from C$20.00 to C$19.00 in a research report report published on Thursday morning,BayStreet.CA reports.

Other research analysts also recently issued reports about the stock. BMO Capital Markets increased their price target on shares of Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. Raymond James lowered their target price on Mullen Group from C$18.75 to C$18.50 in a research report on Tuesday, December 10th. CIBC upped their price target on Mullen Group from C$16.50 to C$17.50 in a research report on Friday, October 25th. National Bankshares upped their price target on shares of Mullen Group from C$18.00 to C$19.00 in a research report on Monday, December 9th. Finally, Cormark decreased their price target on Mullen Group from C$20.75 to C$19.75 in a report on Tuesday, December 10th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$18.97.

Mullen Group Stock Down 0.2 %

Shares of Mullen Group stock opened at C$15.01 on Thursday. The company’s 50 day moving average is C$15.05 and its 200 day moving average is C$14.56. The company has a market cap of C$1.32 billion, a price-to-earnings ratio of 11.20, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82. The company has a quick ratio of 1.06, a current ratio of 0.75 and a debt-to-equity ratio of 93.56. Mullen Group has a twelve month low of C$12.47 and a twelve month high of C$16.06.

Mullen Group Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.84 annualized dividend and a yield of 5.60%. Mullen Group’s payout ratio is presently 62.69%.

Mullen Group Company Profile

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.