Mullen Group (TSE:MTL) Stock Price Expected to Rise, National Bank Financial Analyst Says

Mullen Group (TSE:MTL) had its price objective increased by investment analysts at National Bank Financial from C$23.00 to C$31.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 7.90% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. 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. Scotiabank raised their target price on Mullen Group from C$24.00 to C$29.00 in a report on Friday. Royal Bank Of Canada boosted their price target on Mullen Group from C$23.00 to C$30.00 in a research report on Friday. Desjardins upped their price target on Mullen Group from C$20.00 to C$23.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Canadian Imperial Bank of Commerce increased 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 report on Tuesday, June 30th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$26.00.

Mullen Group Stock Performance

Shares of MTL stock opened at C$28.73 on Friday. The company has a current ratio of 2.17, a quick ratio of 1.06 and a debt-to-equity ratio of 89.59. The company has a market cap 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 company’s fifty day simple moving average is C$22.70 and its 200-day simple moving average is C$19.38. Mullen Group has a 52 week low of C$12.98 and a 52 week high of C$28.78.

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

Insider Buying and Selling at Mullen Group

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

Mullen Group News Summary

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.