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

Mullen Group Ltd. (TSE:MTL) Senior Officer Joanna Kathryn Scott purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average price of C$13.23 per share, with a total value of C$26,460.00.

Mullen Group Stock Performance

Shares of MTL stock opened at C$13.16 on Friday. The company has a debt-to-equity ratio of 120.69, a quick ratio of 1.06 and a current ratio of 1.62. Mullen Group Ltd. has a fifty-two week low of C$12.47 and a fifty-two week high of C$16.06. The stock has a 50 day moving average price of C$14.39 and a two-hundred day moving average price of C$14.62. The company has a market capitalization of C$1.17 billion, a P/E ratio of 9.54, a PEG ratio of 1.81 and a beta of 1.82.

Mullen Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

MTL has been the subject of a number of recent research reports. Scotiabank dropped their target price on Mullen Group from C$20.00 to C$19.00 in a research report on Thursday, January 30th. National Bankshares boosted their target price on Mullen Group from C$18.00 to C$19.00 in a research report on Monday, December 9th. Raymond James dropped their target price on Mullen Group from C$18.50 to C$17.50 in a research report on Friday, February 14th. Finally, Cormark dropped their target price on Mullen Group from C$20.75 to C$19.75 in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Mullen Group currently has a consensus rating of “Moderate Buy” and an average target price of C$18.84.

Mullen Group Company Profile

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.