Mullen Group (TSE:MTL) Price Target Raised to C$32.00

Posted by Brenda Bartman on Oct 3rd, 2026

Mullen Group (TSE:MTL – Free Report) had its price target upped by Royal Bank Of Canada from C$30.00 to C$32.00 in a research note published on Wednesday morning,BayStreet reports.

Several other research firms have also weighed in on MTL. Desjardins lifted their price objective on Mullen Group from C$23.00 to C$30.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. National Bank Financial upped their target price on Mullen Group from C$23.00 to C$31.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Scotiabank raised their target price on Mullen Group from C$24.00 to C$29.00 in a research note on Friday, July 24th. Canadian Imperial Bank of Commerce lifted their target price on 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, BMO Capital Markets boosted their price target on Mullen Group from C$25.00 to C$32.00 in a research note on Friday, July 24th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$26.22.

Read Our Latest Research Report on Mullen Group

Mullen Group Trading Up 0.5%

MTL opened at C$27.41 on Wednesday. Mullen Group has a twelve month low of C$13.53 and a twelve month high of C$28.78. The company has a fifty day moving average of C$26.29 and a 200-day moving average of C$22.70. The stock has a market cap of C$2.64 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 1.81 and a beta of 0.94. The company has a quick ratio of 1.06, a current ratio of 2.17 and a debt-to-equity ratio of 89.59.

Mullen Group (TSE:MTL – Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported C$0.41 earnings per share (EPS) 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%.

Insiders Place Their Bets

In other news, insider Carson Paul Urlacher purchased 9,500 shares of the business’s stock in a transaction on Monday, July 27th. The shares were acquired at an average price of C$28.20 per share, for a total transaction of C$267,900.00. Following the completion of the acquisition, the insider owned 90,000 shares in the company, valued at approximately C$2,538,000. The trade was a 11.80% increase in their ownership of the stock. Company insiders own 6.32% of the company’s stock.

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.

Mullen Group (TSE:MTL) Price Target Raised to C$32.00

Mullen Group Trading Up 0.5%

Insiders Place Their Bets

Mullen Group Company Profile

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