Several other analysts have also weighed in on MTL. National Bank Financial dropped their price objective on shares of Mullen Group from C$18.50 to C$16.50 and set an outperform rating for the company in a report on Friday, January 25th. Raymond James raised shares of Mullen Group from a market perform rating to an outperform rating and set a C$15.60 price objective for the company in a report on Friday, February 1st. TD Securities raised their price objective on shares of Mullen Group from C$12.50 to C$14.00 and gave the stock a hold rating in a report on Thursday, February 7th. GMP Securities dropped their price objective on shares of Mullen Group from C$13.50 to C$12.50 in a report on Friday, February 8th. Finally, BMO Capital Markets dropped their price objective on shares of Mullen Group from C$16.00 to C$13.00 in a report on Friday, February 8th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Mullen Group currently has a consensus rating of Buy and a consensus target price of C$15.70.
TSE MTL opened at C$12.20 on Wednesday. The company has a market cap of $1.28 billion and a PE ratio of -29.05. The company has a debt-to-equity ratio of 57.03, a current ratio of 1.94 and a quick ratio of 1.61. Mullen Group has a 1-year low of C$11.26 and a 1-year high of C$16.93.
The business also recently declared a monthly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be issued a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date of this dividend is Thursday, March 28th. Mullen Group’s dividend payout ratio is currently -130.95%.
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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