Mullen Group Ltd (TSE:MTL) Price Target Increased to C$15.75 by Analysts at Raymond James Financial, Inc.
Mullen Group Ltd (TSE:MTL) had its price target raised by Raymond James Financial, Inc. from C$15.25 to C$15.75 in a research note released on Thursday. They currently have a market perform rating on the stock.
Several other research firms have also recently weighed in on MTL. Scotiabank restated an outperform rating and issued a C$18.00 price objective on shares of Mullen Group in a research report on Wednesday, July 26th. Royal Bank Of Canada decreased their price objective on shares of Mullen Group from C$20.00 to C$17.00 and set an outperform rating on the stock in a research report on Friday, April 21st. BMO Capital Markets decreased their price objective on shares of Mullen Group from C$21.00 to C$19.00 in a research report on Friday, April 21st. CIBC decreased their price objective on shares of Mullen Group from C$20.50 to C$19.00 in a research report on Thursday, July 20th. Finally, National Bank Financial upgraded shares of Mullen Group from a sector perform rating to an outperform rating and upped their price objective for the stock from C$18.00 to C$18.75 in a research report on Tuesday, July 25th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Mullen Group has a consensus rating of Buy and an average price target of C$18.81.
Shares of Mullen Group (TSE:MTL) opened at 15.98 on Thursday. The company’s 50 day moving average is $15.67 and its 200 day moving average is $16.40. The company has a market capitalization of $1.66 billion and a price-to-earnings ratio of 32.61. Mullen Group has a one year low of $13.90 and a one year high of $20.32.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be given a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Thursday, July 27th.
About Mullen Group
Mullen Group Ltd. is a supplier of trucking and logistics services in Canada. The Company operates through its Business Units, which are divided into 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.
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