Mullen Group Ltd (MTL) Rating Reiterated by TD Securities

TD Securities restated their hold rating on shares of Mullen Group Ltd (TSE:MTL) in a research report released on Tuesday morning. The firm currently has a C$18.00 target price on the stock.

A number of other equities analysts have also recently issued reports on MTL. CIBC lowered their target price on Mullen Group from C$20.50 to C$19.00 in a report on Thursday, July 20th. National Bank Financial raised Mullen Group from a sector perform rating to an outperform rating and upped their target price for the stock from C$18.00 to C$18.75 in a report on Tuesday, July 25th. Scotiabank reissued an outperform rating and issued a C$18.00 price target on shares of Mullen Group in a research note on Wednesday, July 26th. Raymond James Financial, Inc. increased their price target on Mullen Group from C$15.25 to C$15.75 and gave the company a market perform rating in a research note on Thursday, July 27th. Finally, Canaccord Genuity decreased their price target on Mullen Group from C$19.00 to C$18.00 in a research note on Friday, October 27th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of C$17.81.

Mullen Group (MTL) opened at C$16.46 on Tuesday.

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The business also recently declared a monthly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.36 annualized dividend and a dividend yield of 2.19%.

Mullen Group Company Profile

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.

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