Analysts’ Weekly Ratings Updates for Mullen Group (MTL)

Several analysts have recently updated their ratings and price targets for Mullen Group (TSE: MTL):

• 10/23/2026 – Mullen Group had its price target raised by National Bank Financial from C$31.00 to C$36.00. They now have an “outperform” rating on the stock.
• 10/23/2026 – Mullen Group had its price target raised by Royal Bank Of Canada from C$32.00 to C$35.00. They now have an “outperform” rating on the stock.
• 10/23/2026 – Mullen Group had its price target raised by Raymond James Financial from C$25.00 to C$31.00. They now have a “market perform” rating on the stock.
• 10/23/2026 – Mullen Group had its price target raised by Scotia from C$30.00 to C$33.00. They now have a “sector perform” rating on the stock.
• 10/20/2026 – Mullen Group had its price target raised by Desjardins from C$30.00 to C$31.00. They now have a “buy” rating on the stock.
• 10/15/2026 – Mullen Group had its price target raised by Scotiabank from C$29.00 to C$30.00. They now have a “sector perform” rating on the stock.
• 9/30/2026 – Mullen Group had its price target raised by Royal Bank Of Canada from C$30.00 to C$32.00.

Mullen Group Stock Down 5.1%

Shares of TSE:MTL traded down C$1.50 during mid-day trading on Thursday, hitting C$28.05. 148,797 shares of the company traded hands, compared to its average volume of 307,892. The company has a current ratio of 2.18, a quick ratio of 1.06 and a debt-to-equity ratio of 86.15. The stock has a 50-day moving average price of C$27.03 and a two-hundred day moving average price of C$22.25. Mullen Group Ltd. has a 12-month low of C$13.92 and a 12-month high of C$32.47. The stock has a market cap of C$2.69 billion, a P/E ratio of 22.26, a P/E/G ratio of 1.81 and a beta of 0.82.

Mullen Group (TSE:MTL) last issued its quarterly 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 for the quarter. Mullen Group had a net margin of 5.25% and a return on equity of 10.58%.

Insider Activity at Mullen Group

In related news, insider Joanna Kathryn Scott sold 40,000 shares of Mullen Group stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of C$29.68, for a total value of C$1,187,200.00. Following the transaction, the insider owned 5,000 shares in the company, valued at C$148,400. This trade represents a 88.89% decrease in their position. Company insiders own 6.32% of the company’s stock.

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.