Mullen Group (TSE:MTL) Price Target Raised to C$30.00

Mullen Group (TSE:MTL) had its price objective increased by Desjardins from C$23.00 to C$30.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. National Bank Financial upped their price target on Mullen Group from C$23.00 to C$31.00 and gave the company an “outperform” rating in a report on Friday. Scotiabank raised their price objective on Mullen Group from C$24.00 to C$29.00 in a research note on Friday. Acumen Capital boosted their target price on Mullen Group from C$20.50 to C$22.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Raymond James Financial upped their target price on Mullen Group from C$17.00 to C$18.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Finally, Royal Bank Of Canada increased their price target on Mullen Group from C$23.00 to C$30.00 in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Mullen Group currently has a consensus rating of “Moderate Buy” and a consensus target price of C$26.00.

Mullen Group Price Performance

Shares of Mullen Group stock opened at C$28.73 on Friday. Mullen Group has a 52 week low of C$12.98 and a 52 week high of C$28.78. The company has a current ratio of 2.17, a quick ratio of 1.06 and a debt-to-equity ratio of 89.59. The stock has a market cap of C$2.77 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 1.81 and a beta of 1.13. The company’s 50-day moving average price is C$22.70 and its two-hundred day moving average price is C$19.41.

Mullen Group (TSE:MTL) last posted its quarterly earnings data on Thursday, July 23rd. The company reported C$0.41 earnings per share for the quarter. Mullen Group had a net margin of 4.65% and a return on equity of 9.35%. The company had revenue of C$609.30 million during the quarter.

Mullen Group Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were paid a dividend of $0.07 per share. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, April 30th. Mullen Group’s payout ratio is 75.68%.

Insiders Place Their Bets

In other news, Director Stephen H. Lockwood sold 3,500 shares of the company’s stock in a transaction dated 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 owned 7,562 shares in the company, valued at C$162,583. This represents a 31.64% decrease in their position. 6.32% of the stock is currently owned by company insiders.

Trending Headlines about Mullen Group

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

• Positive Sentiment: National Bank Financial raised its price target on Mullen Group to C$31 from C$23 and reiterated an outperform rating, suggesting meaningful upside versus the current share price. National Bank Financial price target increase
• Positive Sentiment: BMO Capital Markets lifted its target to C$32 from C$25, one of the highest targets in the group and a bullish sign for valuation expectations. BMO Capital Markets price target increase
• Positive Sentiment: Desjardins increased its target to C$30 from C$23 and kept a buy rating, reflecting continued confidence in Mullen Group’s outlook. Desjardins price target increase
• Positive Sentiment: Royal Bank of Canada also raised its target to C$30 from C$23, adding to the broader analyst optimism around the stock. RBC price target increase
• Positive Sentiment: Scotiabank boosted its target to C$29 from C$24 and increased FY2026 and FY2027 EPS estimates, indicating improved earnings expectations even though its formal rating remained Sector Perform. Scotiabank estimate and target update

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.