Mullen Group (TSE:MTL) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Mullen Group (TSE:MTL) had its price objective upped by BMO Capital Markets from C$25.00 to C$32.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 11.38% from the company’s current price.

MTL has been the subject of a number of other reports. Raymond James Financial upped their price target on Mullen Group from C$17.00 to C$18.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Canadian Imperial Bank of Commerce raised their price objective on shares of Mullen Group from C$20.00 to C$22.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 30th. Acumen Capital boosted their target price on shares of Mullen Group from C$20.50 to C$22.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. National Bank Financial upped their target price on shares of Mullen Group from C$23.00 to C$31.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Royal Bank Of Canada upped their target price on shares of Mullen Group from C$23.00 to C$30.00 in a research note on Friday. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$26.00.

Mullen Group Price Performance

TSE MTL opened at C$28.73 on Friday. Mullen Group has a twelve month low of C$12.98 and a twelve month high of C$28.78. The company has a debt-to-equity ratio of 89.59, a quick ratio of 1.06 and a current ratio of 2.17. The stock has a market capitalization of C$2.77 billion, a PE ratio of 25.88, a P/E/G ratio of 1.81 and a beta of 1.13. The stock has a 50-day simple moving average of C$22.70 and a 200 day simple moving average of C$19.38.

Mullen Group (TSE:MTL) last announced its earnings results on Thursday, July 23rd. The company reported C$0.41 earnings per share for the quarter. The firm had revenue of C$609.30 million during the quarter. Mullen Group had a return on equity of 9.35% and a net margin of 4.65%.

Insider Buying and Selling

In related news, Director Stephen H. Lockwood sold 3,500 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of C$21.50, for a total value of C$75,250.00. Following the completion of the transaction, the director directly owned 7,562 shares of the company’s stock, valued at C$162,583. This trade represents a 31.64% decrease in their ownership of the stock. 6.32% of the stock is currently owned by company insiders.

Key Stories Impacting Mullen Group

Here are the key news stories impacting Mullen Group this week:

• Positive Sentiment: National Bank Financial raised its price target on Mullen Group to C$31 from C$23 and reiterated an outperform rating, suggesting meaningful upside versus the current share price. National Bank Financial price target increase
• Positive Sentiment: BMO Capital Markets lifted its target to C$32 from C$25, one of the highest targets in the group and a bullish sign for valuation expectations. BMO Capital Markets price target increase
• Positive Sentiment: Desjardins increased its target to C$30 from C$23 and kept a buy rating, reflecting continued confidence in Mullen Group’s outlook. Desjardins price target increase
• Positive Sentiment: Royal Bank of Canada also raised its target to C$30 from C$23, adding to the broader analyst optimism around the stock. RBC price target increase
• Positive Sentiment: Scotiabank boosted its target to C$29 from C$24 and increased FY2026 and FY2027 EPS estimates, indicating improved earnings expectations even though its formal rating remained Sector Perform. Scotiabank estimate and target update

Mullen Group Company Profile

Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, warehousing and distribution services through a network of independently operated businesses. Service offerings include less-than-truckload, customs brokerage, truckload, warehousing, logistics, transload, oversized, third-party logistics and specialized hauling transportation.