Desjardins Issues Positive Forecast for Mullen Group (TSE:MTL) Stock Price

Posted by Geri Gentry on Oct 20th, 2026

Mullen Group (TSE:MTL – Get Free Report) had its price objective raised by research analysts at Desjardins from C$30.00 to C$31.00 in a research report issued on Tuesday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective would indicate a potential upside of 13.06% from the company’s previous close.

A number of other analysts have also issued reports on the company. Canadian Imperial Bank of Commerce boosted their price objective on 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. BMO Capital Markets increased their price objective on Mullen Group from C$25.00 to C$32.00 in a report on Friday, July 24th. National Bank Financial raised their target price on Mullen Group from C$23.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Scotiabank raised their target price on Mullen Group from C$29.00 to C$30.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 15th. Finally, Royal Bank Of Canada lifted their target price on Mullen Group from C$30.00 to C$32.00 in a report on Wednesday, September 30th. Five 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$26.44.

View Our Latest Stock Analysis on Mullen Group

Mullen Group Stock Performance

Mullen Group stock traded up C$0.05 during mid-day trading on Tuesday, reaching C$27.42. 145,738 shares of the company’s stock were exchanged, compared to its average volume of 299,051. The business’s fifty day simple moving average is C$26.27 and its 200 day simple moving average is C$23.57. 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 has a one year low of C$13.53 and a one year high of C$28.78. The firm has a market capitalization of C$2.64 billion, a PE ratio of 24.70, a P/E/G ratio of 1.81 and a beta of 0.83.

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 for the quarter. The firm had revenue of C$609.30 million during the quarter. Mullen Group had a net margin of 4.65% and a return on equity of 9.35%.

Insider Buying and Selling at Mullen Group

In other Mullen Group news, insider Carson Paul Urlacher acquired 9,500 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was bought at an average price of C$28.20 per share, with a total value of C$267,900.00. Following the purchase, the insider owned 90,000 shares of the company’s stock, valued at approximately C$2,538,000. This trade represents a 11.80% increase in their ownership of the stock. 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.