Mullen Group Ltd. (TSE:MTL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Posted by Francis Steltz on Oct 6th, 2026

Shares of Mullen Group Ltd. (TSE:MTL – Get Free Report) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$26.22.

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada boosted their target price on Mullen Group from C$30.00 to C$32.00 in a research report on Wednesday, September 30th. Canadian Imperial Bank of Commerce increased their price target on shares of Mullen Group from C$20.00 to C$22.00 and gave the company a “neutral” rating in a research report on Tuesday, June 30th. Desjardins lifted their price objective on shares of Mullen Group from C$23.00 to C$30.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Scotiabank boosted their price objective on shares of Mullen Group from C$24.00 to C$29.00 in a report on Friday, July 24th. Finally, BMO Capital Markets upped their target price on shares of Mullen Group from C$25.00 to C$32.00 in a research note on Friday, July 24th.

View Our Latest Stock Analysis on Mullen Group

Mullen Group Stock Down 2.5%

TSE:MTL opened at C$26.73 on Tuesday. Mullen Group has a 12-month low of C$13.53 and a 12-month high of C$28.78. The company has a quick ratio of 1.06, a current ratio of 2.17 and a debt-to-equity ratio of 89.59. The firm has a market capitalization of C$2.57 billion, a P/E ratio of 24.08, a P/E/G ratio of 1.81 and a beta of 0.83. The stock’s fifty day simple moving average is C$26.26 and its 200-day simple moving average is C$22.82.

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

Insider Buying and Selling at Mullen Group

In other news, insider Carson Paul Urlacher purchased 9,500 shares of the firm’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 acquisition, the insider directly owned 90,000 shares of the company’s stock, valued at approximately C$2,538,000. This represents a 11.80% increase in their ownership of the stock. 6.32% of the stock is currently owned by corporate 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.