Mullen Group (TSE:MTL) Price Target Raised to C$36.00

Mullen Group (TSE:MTL) had its target price boosted by National Bank Financial from C$31.00 to C$36.00 in a research report released on Friday morning,BayStreet reports. National Bank Financial currently has an outperform rating on the stock.

Several other analysts have also recently commented on MTL. Canadian Imperial Bank of Commerce boosted their price target on shares of Mullen Group from C$20.00 to C$22.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 30th. BMO Capital Markets raised their price objective on Mullen Group from C$25.00 to C$32.00 in a research report on Friday, July 24th. Royal Bank Of Canada raised their price objective on Mullen Group from C$32.00 to C$35.00 and gave the company an “outperform” rating in a research report on Friday. Raymond James Financial lifted their target price on Mullen Group from C$25.00 to C$31.00 and gave the stock a “market perform” rating in a report on Friday. Finally, Scotia lifted their target price on Mullen Group from C$30.00 to C$33.00 and gave the stock a “sector perform” rating in a report on Friday. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Mullen Group currently has a consensus rating of “Moderate Buy” and an average target price of C$30.22.

Mullen Group Price Performance

MTL stock opened at C$28.76 on Friday. Mullen Group has a one year low of C$13.92 and a one year high of C$32.47. The company’s fifty day moving average price is C$26.48 and its 200-day moving average price is C$23.91. The company has a debt-to-equity ratio of 70.20, a quick ratio of 1.06 and a current ratio of 2.18. The company has a market capitalization of C$2.76 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 1.81 and a beta of 0.83.

Mullen Group (TSE:MTL) last posted its earnings results on Thursday, October 22nd. The company reported C$0.52 earnings per share for the quarter. The company had revenue of C$653.17 million during the quarter. Mullen Group had a net margin of 5.25% and a return on equity of 10.58%.

Trending Headlines about Mullen Group

Here are the key news stories impacting Mullen Group this week:

• Positive Sentiment: Analysts raised price targets. Scotia increased its target to C$33 while maintaining a “sector perform” rating; Raymond James raised its target to C$31 with a “market perform” rating. RBC lifted its target to C$35 and retained an “outperform” rating, while National Bank Financial raised its target to C$36 and also rated the shares “outperform.” Mullen Group analyst price target increases
• Positive Sentiment: Third-quarter results were strong. Mullen Group reported C$51.5 million in profit, revenue of approximately C$653.2 million—up 16% year over year—and earnings of C$0.52 per share. Reports highlighted record results, tighter industry capacity and productivity improvements as key drivers. Mullen Group reports third-quarter profit and revenue growth
• Neutral Sentiment: Management is positioning for future growth. Mullen said it expects new capital spending to meet a 25% EBITDA-margin threshold and is preparing for a project ramp in 2027. This could support longer-term growth, but it also makes execution and future margins important for investors. Mullen Group 2027 capital and EBITDA outlook
• Negative Sentiment: The market may be taking profits after the recent rally. Mullen Group reached a new 12-month high following analyst upgrades, while the “market perform” and “sector perform” ratings from two firms indicate that some analysts view the current valuation as fairly priced. A Q3 “reality check” may also be encouraging investors to focus on forward expectations rather than the strong reported quarter. Mullen Group reaches a new 12-month high

Mullen Group Company Profile

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.