Mullen Group (TSE:MTL) Reaches New 12-Month High – Should You Buy?

Posted by Geri Gentry on Jul 25th, 2026

Mullen Group Ltd. (TSE:MTL – Get Free Report)’s share price hit a new 52-week high on Thursday . The stock traded as high as C$27.13 and last traded at C$27.13, with a volume of 80765 shares trading hands. The stock had previously closed at C$25.60.

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

Analyst Upgrades and Downgrades

MTL has been the subject of several research reports. Royal Bank Of Canada lifted their target price on Mullen Group from C$23.00 to C$30.00 in a research report on Friday. BMO Capital Markets upped their price target on Mullen Group from C$25.00 to C$32.00 in a research report on Friday. Acumen Capital raised their price objective on Mullen Group from C$20.50 to C$22.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Canadian Imperial Bank of Commerce lifted 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 report on Tuesday, June 30th. Finally, National Bank Financial boosted 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. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$26.00.

Read Our Latest Stock Analysis on MTL

Mullen Group Trading Up 7.2%

The firm has a market cap of C$2.76 billion, a P/E ratio of 28.17, a P/E/G 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. The firm has a fifty day moving average of C$22.70 and a 200-day moving average of C$19.38.

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

Mullen Group Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 2.9%. Mullen Group’s payout ratio is 82.35%.

Insider Buying and Selling at Mullen Group

In related news, Director Stephen H. Lockwood sold 3,500 shares of Mullen Group stock in a transaction dated 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 sale, 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 currently owned by company insiders.

About Mullen Group

(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.