Mullen Group (TSE:MTL) Stock Price Expected to Rise, Desjardins Analyst Says

Mullen Group (TSE:MTL) had its price target raised by research analysts at Desjardins from C$23.00 to C$30.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 4.42% from the company’s previous close.

Other analysts also recently issued reports about the stock. Royal Bank Of Canada upped their price target on shares of Mullen Group from C$23.00 to C$30.00 in a research note on Friday. 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 company a “neutral” rating in a research note on Tuesday, June 30th. Acumen Capital boosted their target price on Mullen Group from C$20.50 to C$22.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Scotiabank upped their target price on Mullen Group from C$24.00 to C$29.00 in a research report on Friday. Finally, Raymond James Financial upped their target price on Mullen Group from C$17.00 to C$18.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Mullen Group has an average rating of “Moderate Buy” and an average price target of C$26.00.

Mullen Group Price Performance

Shares of MTL opened at C$28.73 on Friday. The firm has a market capitalization of C$2.77 billion, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 1.81 and a beta of 1.13. The company has a debt-to-equity ratio of 89.59, a quick ratio of 1.06 and a current ratio of 2.17. Mullen Group has a one year low of C$12.98 and a one year high of C$28.78. The stock’s fifty day moving average is C$22.70 and its 200-day moving average is C$19.38.

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

Insider Transactions at Mullen Group

In other Mullen Group news, Director Stephen H. Lockwood sold 3,500 shares of Mullen Group stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of C$21.50, for a total value of C$75,250.00. Following the transaction, the director owned 7,562 shares in the company, valued at approximately C$162,583. The trade was a 31.64% decrease in their ownership of the stock. Company insiders own 6.32% of the company’s stock.

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

About Mullen Group

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.