Shares of Mullen Group Ltd (TSE:MTL) have earned a consensus rating of “Buy” from the ten analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$14.33.
MTL has been the subject of several analyst reports. Canaccord Genuity raised their target price on Mullen Group from C$13.50 to C$13.75 in a research report on Wednesday, March 20th. Raymond James lowered Mullen Group from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from C$14.50 to C$12.50 in a research report on Wednesday, May 8th. TD Securities raised their target price on Mullen Group from C$12.50 to C$14.00 and gave the stock a “hold” rating in a research report on Thursday, February 7th. Royal Bank of Canada lowered their target price on Mullen Group from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Finally, BMO Capital Markets lowered their target price on Mullen Group from C$16.00 to C$13.00 in a research report on Friday, February 8th.
Shares of MTL stock opened at C$10.05 on Thursday. Mullen Group has a fifty-two week low of C$9.39 and a fifty-two week high of C$16.93. The firm has a market capitalization of $1.06 billion and a price-to-earnings ratio of -31.21. The company has a debt-to-equity ratio of 61.72, a quick ratio of 1.50 and a current ratio of 1.82.
The firm also recently declared a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.60 dividend on an annualized basis and a yield of 5.97%. Mullen Group’s payout ratio is currently -186.34%.
Mullen Group Company Profile
Mullen Group Ltd. provides transportation and oilfield services in Canada and the United States. It operates in two segments, Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment transports general freight; cables, and pipe and steel products; and dry bulk commodities comprising cement and frac sand, as well as over-dimensional loads, such as heavy equipment, compressors and over-sized goods.
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