Stephen Lockwood Sells 3,500 Shares of Mullen Group (TSE:MTL) Stock

Posted by Brenda Bartman on May 17th, 2026

Mullen Group Ltd. (TSE:MTL – Get Free Report) Director Stephen Lockwood sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of C$21.50, for a total value of C$75,250.00. Following 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 ownership of the stock.

Mullen Group Stock Performance

Mullen Group stock opened at C$21.60 on Friday. The stock’s 50 day moving average price is C$18.27 and its 200 day moving average price is C$16.68. The firm has a market capitalization of C$2.07 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 1.81 and a beta of 0.84. The company has a debt-to-equity ratio of 91.65, a quick ratio of 1.06 and a current ratio of 2.07. Mullen Group Ltd. has a one year low of C$12.98 and a one year high of C$21.70.

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

Mullen Group Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were given a dividend of $0.07 per share. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Thursday, April 30th. Mullen Group’s dividend payout ratio is currently 82.35%.

Analyst Ratings Changes

MTL has been the topic of several research reports. Raymond James Financial upped their price target on Mullen Group from C$17.00 to C$18.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Canadian Imperial Bank of Commerce upped their price target on Mullen Group from C$18.00 to C$20.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. 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 report on Friday, April 24th. National Bank Financial upped their price target on Mullen Group from C$19.00 to C$23.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Scotiabank upped their price target on Mullen Group from C$19.00 to C$21.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$20.67.

Get Our Latest Analysis on Mullen Group

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.