BMO Capital Markets Cuts Mullen Group (MTL) Price Target to C$18.00

Mullen Group (TSE:MTL) had its price objective lowered by BMO Capital Markets from C$19.00 to C$18.00 in a research note released on Friday.

Other analysts have also recently issued reports about the stock. Canaccord Genuity decreased their price target on shares of Mullen Group from C$19.00 to C$18.00 in a research note on Friday, October 27th. CIBC decreased their price target on shares of Mullen Group from C$19.00 to C$18.00 in a research note on Thursday, December 14th. TD Securities decreased their price target on shares of Mullen Group from C$18.00 to C$17.00 and set a hold rating on the stock in a research note on Friday, December 15th. Raymond James Financial decreased their price target on shares of Mullen Group from C$15.75 to C$14.70 and set a market perform rating on the stock in a research note on Thursday. Finally, National Bank Financial raised shares of Mullen Group from a sector perform rating to an outperform rating and set a C$16.50 price target on the stock in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of C$16.97.

Shares of Mullen Group (TSE:MTL) opened at C$14.35 on Friday. Mullen Group has a 52 week low of C$14.18 and a 52 week high of C$17.62. The company has a market cap of $1,490.00, a P/E ratio of 25.18 and a beta of 0.25.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a $0.05 dividend. The ex-dividend date is Tuesday, January 30th. This is a boost from Mullen Group’s previous monthly dividend of $0.03. This represents a $0.60 dividend on an annualized basis and a yield of 4.18%. Mullen Group’s dividend payout ratio (DPR) is presently 68.42%.

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About Mullen Group

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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