Mullen Group Ltd. (TSE:MTL) Stock Has Average Target Price of C$30.22

Key Points

• Analyst sentiment is moderately positive: Eight analysts are split between four “buy” and four “hold” ratings, producing a “Moderate Buy” consensus and an average 12-month target of C$30.22. Several firms recently raised targets, with National Bank Financial at C$36 and RBC at C$35.
• Third-quarter performance was strong: Mullen Group reported C$51.5 million in profit, revenue of C$653.17 million—up 16% year over year—and EPS of C$0.52, supported by tighter industry capacity and productivity improvements.
• Shares have rallied but valuation and execution remain considerations: The stock recently traded near its 52-week high of C$32.47, while some analysts maintain “market perform” or “sector perform” ratings. Management is targeting a 25% EBITDA margin for new capital spending and preparing for a project ramp in 2027.

Mullen Group Ltd. (TSE:MTL - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight research firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$30.22.

MTL has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on Mullen Group from C$25.00 to C$32.00 in a report on Friday, July 24th. Scotiabank boosted their price objective on Mullen Group from C$29.00 to C$30.00 and gave the stock a "sector perform" rating in a research report on Thursday, October 15th. Raymond James Financial upped their price objective on Mullen Group from C$25.00 to C$31.00 and gave the company a "market perform" rating in a research note on Friday. National Bank Financial raised their target price on Mullen Group from C$31.00 to C$36.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Royal Bank Of Canada lifted their target price on Mullen Group from C$32.00 to C$35.00 and gave the stock an "outperform" rating in a research note on Friday.

More Mullen Group News

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

Insider Transactions at Mullen Group

In related news, insider Carson Paul Urlacher acquired 9,500 shares of the stock in a transaction on Monday, July 27th. The shares were acquired at an average price of C$28.20 per share, with a total value of C$267,900.00. Following the completion of the transaction, 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 position. Company insiders own 6.32% of the company's stock.

Mullen Group Stock Down 10.9%

MTL opened at C$28.76 on Friday. Mullen Group has a fifty-two week low of C$13.92 and a fifty-two week high of C$32.47. The firm has a market capitalization of C$2.76 billion, a P/E ratio of 25.91, a PEG ratio of 1.81 and a beta of 0.83. The company's 50-day moving average is C$26.48 and its 200 day moving average is C$23.86. The company has a debt-to-equity ratio of 70.20, a current ratio of 2.18 and a quick ratio of 1.06.

Mullen Group (TSE:MTL - Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The company reported C$0.52 earnings per share (EPS) for the quarter. The business 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%.

About Mullen Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.