Mullen Group (TSE:MTL) Share Price Crosses Above 200-Day Moving Average – Here’s Why
by Jessica Moore · The Cerbat GemMullen Group Ltd. (TSE:MTL – Get Free Report)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$16.55 and traded as high as C$21.08. Mullen Group shares last traded at C$20.99, with a volume of 240,201 shares traded.
Analyst Ratings Changes
MTL has been the subject of a number of research reports. Desjardins lifted their price objective on shares of Mullen Group from C$20.00 to C$23.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Acumen Capital lifted their price objective on shares of Mullen Group from C$20.50 to C$22.00 and gave the stock a “buy” rating in a report on Friday, April 24th. National Bank Financial lifted their price objective on shares of Mullen Group from C$19.00 to C$23.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Mullen Group from C$18.00 to C$20.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Finally, Royal Bank Of Canada boosted their price target on shares of Mullen Group from C$19.00 to C$21.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Mullen Group has a consensus rating of “Moderate Buy” and an average target price of C$20.67.
Check Out Our Latest Research Report on MTL
Mullen Group Trading Down 0.0%
The company has a market cap of C$2.01 billion, a price-to-earnings ratio of 20.58, a P/E/G ratio of 1.81 and a beta of 0.84. The company has a debt-to-equity ratio of 91.65, a current ratio of 2.07 and a quick ratio of 1.06. The firm’s fifty day moving average price is C$18.03 and its 200-day moving average price is C$16.55.
Mullen Group (TSE:MTL – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The company reported C$0.20 earnings per share (EPS) for the quarter. Mullen Group had a net margin of 4.32% and a return on equity of 8.72%. The company had revenue of C$547.70 million during the quarter.
Mullen Group Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) annualized dividend and a yield of 4.0%. Mullen Group’s dividend payout ratio is presently 82.35%.
Mullen Group Company Profile
Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, warehousing and distribution services through a network of independently operated businesses. Service offerings include less-than-truckload, customs brokerage, truckload, warehousing, logistics, transload, oversized, third-party logistics and specialized hauling transportation.