Mullen Group Ltd. (TSE:MTL) Senior Officer Purchases C$26,460.00 in Stock

Mullen Group Ltd. (TSE:MTL) Senior Officer Joanna Kathryn Scott bought 2,000 shares of Mullen Group stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average cost of C$13.23 per share, for a total transaction of C$26,460.00.

Mullen Group Trading Down 0.5 %

Mullen Group stock opened at C$13.16 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 120.69. The business’s fifty day simple moving average is C$14.39 and its two-hundred day simple moving average is C$14.62. Mullen Group Ltd. has a 12 month low of C$12.47 and a 12 month high of C$16.06. The company has a market capitalization of C$1.17 billion, a price-to-earnings ratio of 9.54, a price-to-earnings-growth ratio of 1.81 and a beta of 1.82.

Mullen Group Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be issued a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 6.38%. The ex-dividend date is Friday, February 28th. Mullen Group’s dividend payout ratio (DPR) is 60.92%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MTL shares. Scotiabank reduced their price target on Mullen Group from C$20.00 to C$19.00 in a research note on Thursday, January 30th. Cormark reduced their price target on Mullen Group from C$20.75 to C$19.75 in a research note on Tuesday, December 10th. National Bankshares upped their price target on Mullen Group from C$18.00 to C$19.00 in a research note on Monday, December 9th. Finally, Raymond James reduced their price target on Mullen Group from C$18.50 to C$17.50 in a research note on Friday, February 14th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$18.84.

About Mullen Group

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.