Mullen Group Ltd. (MTL) To Go Ex-Dividend on January 31st

Mullen Group Ltd. (TSE:MTL) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.07 per share on Tuesday, February 18th. This represents a $0.84 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date of this dividend is Friday, January 31st.

Mullen Group Stock Down 0.7 %

Mullen Group stock opened at C$14.90 on Friday. Mullen Group has a 1-year low of C$12.47 and a 1-year high of C$16.06. The firm has a market capitalization of C$1.31 billion, a price-to-earnings ratio of 11.12, a P/E/G ratio of 1.81 and a beta of 1.82. The company has a current ratio of 0.75, a quick ratio of 1.06 and a debt-to-equity ratio of 93.56. The firm has a 50 day simple moving average of C$15.04 and a 200 day simple moving average of C$14.59.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Scotiabank reduced their price objective on shares of Mullen Group from C$20.00 to C$19.00 in a research note on Thursday. Raymond James reduced their price target on shares of Mullen Group from C$18.75 to C$18.50 in a research report on Tuesday, December 10th. Cormark reduced their price target on shares of Mullen Group from C$20.75 to C$19.75 in a research report on Tuesday, December 10th. CIBC boosted their price target on shares of Mullen Group from C$16.50 to C$17.50 in a research report on Friday, October 25th. Finally, National Bankshares boosted their price target on shares of Mullen Group from C$18.00 to C$19.00 in a research report on Monday, December 9th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Mullen Group currently has an average rating of “Moderate Buy” and a consensus price target of C$18.97.

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.