Scotiabank Has Lowered Expectations for Mullen Group (TSE:MTL) Stock Price

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

A number of other brokerages have also weighed in on MTL. BMO Capital Markets lifted their target price on Mullen Group from C$17.00 to C$20.00 in a research report on Friday, October 25th. Cormark lowered their price objective on shares of Mullen Group from C$20.75 to C$19.75 in a research note on Tuesday, December 10th. Raymond James dropped their target price on shares of Mullen Group from C$18.75 to C$18.50 in a report on Tuesday, December 10th. CIBC upped their price target on shares of Mullen Group from C$16.50 to C$17.50 in a research report on Friday, October 25th. Finally, National Bankshares lifted their price objective on shares of Mullen Group from C$18.00 to C$19.00 in a report on Monday, December 9th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$18.97.

Mullen Group Trading Down 0.2 %

TSE MTL opened at C$15.01 on Thursday. Mullen Group has a 12 month low of C$12.47 and a 12 month high of C$16.06. The company’s 50-day moving average price is C$15.05 and its 200-day moving average price is C$14.56. The stock has a market cap of C$1.32 billion, a PE ratio of 11.20, a PEG ratio of 1.81 and a beta of 1.82. The company has a current ratio of 0.75, a quick ratio of 1.06 and a debt-to-equity ratio of 93.56.

Mullen Group Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date is Friday, January 31st. Mullen Group’s dividend payout ratio (DPR) 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.