Mullen Group (MTL) Stock Forecast & Price Target

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C$14.31

-0.38 (-2.59%)

(As of 04/17/2024 ET)

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Mullen Group Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 9 Analyst Ratings

Analysts' Consensus Price Target

C$18.61
30.06% Upside

High Forecast	C$22.00
Average Forecast	C$18.61
Low Forecast	C$16.00

Type	Current Forecast 4/19/23 to 4/18/24	1 Month Ago 3/20/23 to 3/19/24	3 Months Ago 1/19/23 to 1/19/24	1 Year Ago 4/19/22 to 4/19/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	2 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	3 Buy rating(s)	4 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$18.61	C$18.61	C$17.75	C$16.45
Predicted Upside	30.06% Upside	23.23% Upside	17.18% Upside	17.72% Upside

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MTL Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MTL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Mullen Group Stock vs. The Competition

Type	Mullen Group	Industrials Companies
Consensus Rating Score	2.78	2.55
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Positive News	Neutral News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
2/16/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	C$21.00 ➝ C$22.00	+46.96%
2/16/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	C$19.00 ➝ C$19.50	+30.26%
2/16/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Market Perform	C$16.00 ➝ C$17.00	+13.56%
2/16/2024	Acumen Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	C$19.50 ➝ C$19.00	+26.92%
2/16/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	C$19.50 ➝ C$20.00	+33.60%
2/16/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	C$16.50 ➝ C$17.00	+13.56%
Get the Latest News and Ratings for MTL and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Mullen Group and its competitors with MarketBeat's FREE daily newsletter.
2/16/2024	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$19.50 ➝ C$20.00	+33.60%
2/2/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$15.00 ➝ C$16.00	+5.68%
1/22/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Outperform	C$15.00 ➝ C$17.00	+13.33%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:17 AM ET.

MTL Price Target - Frequently Asked Questions

What is Mullen Group's consensus rating and price target?: According to the issued ratings of 9 analysts in the last year, the consensus rating for Mullen Group stock is Moderate Buy based on the current 2 hold ratings and 7 buy ratings for MTL. The average twelve-month price prediction for Mullen Group is C$18.61 with a high price target of C$22.00 and a low price target of C$16.00. Learn more on MTL's analyst rating history.
Do Wall Street analysts like Mullen Group more than its competitors?: Analysts like Mullen Group more than other Industrials companies. The consensus rating score for Mullen Group is 2.78 while the average consensus rating score for industrials companies is 2.54. Learn more on how MTL compares to other companies.
Is Mullen Group being upgraded by Wall Street analysts?: Over the previous 90 days, Mullen Group's stock had 2 upgrades by analysts.

Does Mullen Group's stock price have much upside?: According to analysts, Mullen Group's stock has a predicted upside of 23.23% based on their 12-month stock forecasts.
What analysts cover Mullen Group?: Mullen Group has been rated by Acumen Capital, BMO Capital Markets, CIBC, Cormark, National Bankshares, Raymond James, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.

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This page (TSE:MTL) was last updated on 4/18/2024 by MarketBeat.com Staff

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Mullen Group (MTL) Stock Forecast & Price Target

Mullen Group Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

MTL Analyst Ratings By Month

MTL Price Targets by Month

Mullen Group Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

MTL Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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