Mullen Group (TSE:MTL) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Posted by on Jul 9th, 2026

Mullen Group (TSE:MTL – Get Free Report) had its target price boosted by equities research analysts at Royal Bank Of Canada from C$21.00 to C$23.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 1.81% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Canadian Imperial Bank of Commerce raised their target price on 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 upped their price target on Mullen Group from C$20.50 to C$22.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Desjardins increased 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. National Bank Financial raised their price objective on Mullen Group from C$19.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, Raymond James Financial boosted their price objective on shares of Mullen Group from C$17.00 to C$18.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$21.11.

View Our Latest Report on MTL

Mullen Group Trading Up 1.1%

Shares of Mullen Group stock traded up C$0.25 during mid-day trading on Thursday, hitting C$22.59. The stock had a trading volume of 83,050 shares, compared to its average volume of 277,207. The firm has a 50-day moving average of C$21.71 and a two-hundred day moving average of C$18.64. The firm has a market cap of C$2.17 billion, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 1.81 and a beta of 1.13. The company has a quick ratio of 1.06, a current ratio of 2.07 and a debt-to-equity ratio of 91.65. Mullen Group has a 12-month low of C$12.98 and a 12-month high of C$23.46.

Mullen Group (TSE:MTL – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The company reported C$0.20 EPS for the quarter. Mullen Group had a net margin of 4.32% and a return on equity of 8.72%. The firm had revenue of C$547.70 million for the quarter.

Insider Buying and Selling

In related news, Director Stephen H. Lockwood sold 3,500 shares of the firm’s 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 completion of the transaction, the director directly owned 7,562 shares in the company, valued at C$162,583. This trade represents a 31.64% decrease in their position. 6.32% of the stock is owned by company insiders.

Mullen Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Mullen Group (TSE:MTL)

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