Insider Buying: Mullen Group Ltd (MTL) Director Purchases 852 Shares of Stock
Mullen Group Ltd (TSE:MTL) Director Christine Ellen Mcginley acquired 852 shares of the business’s stock in a transaction dated Thursday, September 6th. The stock was purchased at an average price of C$15.30 per share, with a total value of C$13,035.60.
Christine Ellen Mcginley also recently made the following trade(s):
- On Monday, June 11th, Christine Ellen Mcginley bought 1,930 shares of Mullen Group stock. The shares were bought at an average cost of C$15.00 per share, for a total transaction of C$28,950.00.
TSE:MTL traded up C$0.12 during trading hours on Friday, hitting C$14.88. 67,100 shares of the company’s stock traded hands, compared to its average volume of 110,512. Mullen Group Ltd has a twelve month low of C$14.10 and a twelve month high of C$17.62.
The company also recently announced a monthly dividend, which will be paid on Monday, September 17th. Shareholders of record on Friday, August 31st will be given a $0.05 dividend. This represents a $0.60 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend is Thursday, August 30th.
A number of equities research analysts have recently issued reports on MTL shares. National Bank Financial boosted their target price on Mullen Group from C$16.50 to C$17.00 and gave the stock a “sector perform” rating in a research report on Tuesday, June 12th. Raymond James boosted their target price on Mullen Group from C$14.70 to C$14.85 and gave the stock a “market perform” rating in a research report on Tuesday, June 12th. Industrial Alliance Securities boosted their target price on Mullen Group from C$18.00 to C$18.25 in a research report on Tuesday, June 12th. Canaccord Genuity boosted their target price on Mullen Group from C$15.75 to C$16.25 in a research report on Tuesday, July 10th. Finally, Cormark raised Mullen Group from a “market perform” rating to a “buy” rating and boosted their target price for the stock from C$15.00 to C$19.00 in a research report on Friday, July 27th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of C$17.26.
Mullen Group Company Profile
Mullen Group Ltd. provides transportation and oilfield services in Canada and the United States. It operates in two segments, Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment offers long haul and local transportation services to customers in various industries. The Oilfield Services segment provides specialized transportation, fluid hauling, waste disposal, warehousing, drilling, well-servicing, and dewatering services to the oil and natural gas industry in western Canada, which includes the exploration and development companies, as well as production and natural gas transmission companies.
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.