Mullen Group (TSE:MTL) Price Target Raised to C$35.00

Mullen Group (TSE:MTL) had its price target boosted by Royal Bank Of Canada from C$32.00 to C$35.00 in a report released on Friday,BayStreet reports. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other analysts have also commented on the stock. Scotia lifted their price target on shares of Mullen Group from C$30.00 to C$33.00 and gave the stock a “sector perform” rating in a research note on Friday. BMO Capital Markets increased their price objective on shares of Mullen Group from C$25.00 to C$32.00 in a research report on Friday, July 24th. National Bank Financial increased their price objective on shares of Mullen Group from C$23.00 to C$31.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Raymond James Financial raised their target price on shares of Mullen Group from C$25.00 to C$31.00 and gave the stock a “market perform” rating in a report on Friday. Finally, Canadian Imperial Bank of Commerce lifted their target price on shares of Mullen Group from C$20.00 to C$22.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 30th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$30.22.

Mullen Group Price Performance

TSE MTL opened at C$28.76 on Friday. Mullen Group has a one year low of C$13.92 and a one year high of C$32.47. The stock has a 50-day moving average of C$26.48 and a 200 day moving average of C$23.91. The company has a debt-to-equity ratio of 70.20, a quick ratio of 1.06 and a current ratio of 2.18. The company has a market capitalization of C$2.76 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 1.81 and a beta of 0.83.

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

Key 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

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.