Mullen Group (MTL) Given New C$18.00 Price Target at BMO Capital Markets

Mullen Group (TSE:MTL) had its price objective trimmed by BMO Capital Markets from C$19.00 to C$18.00 in a research report sent to investors on Friday.

Several other research firms have also weighed in on MTL. Industrial Alliance Securities lowered their target price on shares of Mullen Group from C$20.00 to C$19.00 and set a strong-buy rating on the stock in a report on Tuesday, December 12th. Raymond James Financial lowered their target price on shares of Mullen Group from C$15.75 to C$14.70 and set a market perform rating on the stock in a report on Thursday. National Bank Financial raised shares of Mullen Group from a sector perform rating to an outperform rating and set a C$16.50 target price on the stock in a report on Thursday. Canaccord Genuity lowered their target price on shares of Mullen Group from C$17.00 to C$16.00 in a report on Tuesday. Finally, TD Securities lowered their target price on shares of Mullen Group from C$18.00 to C$17.00 and set a hold rating on the stock in a report on Friday, December 15th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of C$16.97.

Shares of Mullen Group (MTL) opened at C$14.35 on Friday. Mullen Group has a fifty-two week low of C$14.18 and a fifty-two week high of C$17.62. The firm has a market cap of $1,490.00, a PE ratio of 25.18 and a beta of 0.25.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.60 dividend on an annualized basis and a yield of 4.18%. This is a positive change from Mullen Group’s previous monthly dividend of $0.03. Mullen Group’s dividend payout ratio is currently 68.42%.

ILLEGAL ACTIVITY WARNING: “Mullen Group (MTL) Given New C$18.00 Price Target at BMO Capital Markets” was published by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.com-unik.info/2018/02/10/mullen-group-mtl-given-new-c18-00-price-target-at-bmo-capital-markets.html.

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.

Analyst Recommendations for Mullen Group (TSE:MTL)

Receive News & Ratings for Mullen Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mullen Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit