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

Mullen Group (TSE:MTL) had its target price upped by Royal Bank Of Canada from C$23.00 to C$30.00 in a report published on Friday,BayStreet.CA reports.

MTL has been the subject of a number of other research reports. Scotiabank boosted their price target on Mullen Group from C$19.00 to C$21.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. National Bank Financial upped their target price on Mullen Group from C$19.00 to C$23.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Canadian Imperial Bank of Commerce increased their price target on 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. Desjardins raised their price target on Mullen Group from C$20.00 to C$23.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, Acumen Capital lifted their price objective on Mullen Group from C$20.50 to C$22.00 and gave the company a “buy” rating in a report on Friday, April 24th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$26.00.

Mullen Group Stock Performance

Mullen Group stock opened at C$28.73 on Friday. The company has a debt-to-equity ratio of 89.59, a current ratio of 2.17 and a quick ratio of 1.06. Mullen Group has a 1-year low of C$12.98 and a 1-year high of C$28.78. The firm has a market capitalization of C$2.77 billion, a P/E 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 is C$22.70 and its 200 day moving average is C$19.41.

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

Mullen Group Announces Dividend

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

Insiders Place Their Bets

In other Mullen Group news, Director Stephen H. Lockwood sold 3,500 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of C$21.50, for a total transaction of C$75,250.00. Following the completion of the sale, the director owned 7,562 shares in the company, valued at C$162,583. This represents a 31.64% decrease in their ownership of the stock. 6.32% of the stock is currently owned by corporate 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

Mullen Group Company Profile

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.