Mullen Group Ltd (MTL) Receives C$18.75 Consensus Price Target from Analysts

Mullen Group Ltd (TSE:MTL) has earned an average rating of “Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$18.44.

MTL has been the topic of several research reports. Raymond James Financial, Inc. increased their target price on Mullen Group from C$15.25 to C$15.75 and gave the stock a “market perform” rating in a research note on Thursday, July 27th. CIBC decreased their target price on Mullen Group from C$20.50 to C$19.00 in a research note on Thursday, July 20th. Scotiabank reissued an “outperform” rating and set a C$18.00 target price on shares of Mullen Group in a research note on Wednesday, July 26th. Canaccord Genuity decreased their target price on Mullen Group from C$19.00 to C$18.00 in a research note on Friday. Finally, National Bank Financial decreased their target price on Mullen Group from C$18.75 to C$18.25 and set an “outperform” rating on the stock in a research note on Thursday.

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Mullen Group (TSE:MTL) traded up 2.64% during mid-day trading on Wednesday, hitting $16.74. The stock had a trading volume of 138,756 shares. The company has a market cap of $1.74 billion and a PE ratio of 34.16. Mullen Group has a one year low of $14.49 and a one year high of $20.32. The firm’s 50-day moving average price is $16.66 and its 200 day moving average price is $15.78.

The company also recently announced a monthly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were paid a dividend of $0.03 per share. This represents a $0.36 annualized dividend and a yield of 2.15%. The ex-dividend date was Thursday, September 28th.

Mullen Group Company Profile

Mullen Group Ltd is a Canada-based supplier of trucking and logistics services. It operates through 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, such as transporting goods, including general freight; commodities, such as cable, pipe and steel; over-dimensional loads, such as heavy equipment and compressors, and dry bulk commodities, such as cement and frac sand.

Analyst Recommendations for Mullen Group (TSE:MTL)

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