Mullen Group (TSE:MTL) Price Target Raised to C$30.00 at Royal Bank Of Canada

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

A number of other analysts have also recently weighed in on the stock. National Bank Financial upped their price target on shares of Mullen Group from C$19.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Canadian Imperial Bank of Commerce lifted their target price 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 increased their price target on Mullen Group from C$20.00 to C$23.00 and gave the company a “buy” rating in a report on Friday, April 24th. Scotiabank raised their price objective on Mullen Group from C$19.00 to C$21.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Finally, Raymond James Financial raised their price target on shares of Mullen Group from C$17.00 to C$18.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Mullen Group has a consensus rating of “Moderate Buy” and an average price target of C$26.00.

Mullen Group Stock Performance

TSE:MTL opened at C$28.73 on Friday. The firm has a 50 day simple moving average of C$22.70 and a 200-day simple moving average of C$19.38. The company has a debt-to-equity ratio of 89.59, a current ratio of 2.17 and a quick ratio of 1.06. The firm has a market cap of C$2.76 billion, a PE ratio of 28.17, a P/E/G ratio of 1.81 and a beta of 1.13. Mullen Group has a 1-year low of C$12.98 and a 1-year high of C$28.78.

Mullen Group (TSE:MTL) last posted its quarterly earnings results on Thursday, July 23rd. The company reported C$0.41 EPS for the quarter. The company 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 business also recently declared 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 dividend payout ratio (DPR) is currently 82.35%.

Insider Transactions at Mullen Group

In related news, Director Stephen H. Lockwood sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of C$21.50, for a total value of C$75,250.00. Following the completion of the sale, the director owned 7,562 shares in the company, valued at approximately C$162,583. This represents a 31.64% decrease in their position. Insiders own 6.32% of the company’s stock.

Key Mullen Group News

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.