Analysts’ Weekly Ratings Changes for Mullen Group (MTL)

A number of firms have modified their ratings and price targets on shares of Mullen Group (TSE: MTL) recently:

• 7/24/2026 – Mullen Group had its price target raised by BMO Capital Markets from C$25.00 to C$32.00.
• 7/24/2026 – Mullen Group had its price target raised by Desjardins from C$23.00 to C$30.00. They now have a “buy” rating on the stock.
• 7/24/2026 – Mullen Group had its price target raised by National Bank Financial from C$23.00 to C$31.00. They now have an “outperform” rating on the stock.
• 7/24/2026 – Mullen Group had its price target raised by Scotiabank from C$24.00 to C$29.00.
• 7/24/2026 – Mullen Group had its price target raised by Royal Bank Of Canada from C$23.00 to C$30.00.
• 7/9/2026 – Mullen Group had its price target raised by Royal Bank Of Canada from C$21.00 to C$23.00. They now have an “outperform” rating on the stock.
• 6/30/2026 – Mullen Group had its price target raised by Canadian Imperial Bank of Commerce from C$20.00 to C$22.00. They now have a “neutral” rating on the stock.

Insider Buying and Selling

In related news, insider Carson Paul Urlacher purchased 9,500 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The stock was purchased at an average cost of C$28.20 per share, with a total value of C$267,900.00. Following the completion of the acquisition, the insider directly owned 90,000 shares in the company, valued at C$2,538,000. This trade represents a 11.80% increase in their ownership of the stock. Also, Director Stephen H. Lockwood sold 3,500 shares of Mullen Group stock in a transaction on Thursday, May 14th. The shares were sold at an average price of C$21.50, for a total transaction of C$75,250.00. Following the completion of the transaction, the director owned 7,562 shares in the company, valued at approximately C$162,583. This trade represents a 31.64% decrease in their ownership of the stock. 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.