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Mullen Group - MTL Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: C$17.95
  • Forecasted Upside: 11.70%
  • Number of Analysts: 8
  • Breakdown:
  • 0 Sell Ratings
  • 3 Hold Ratings
  • 5 Buy Ratings
  • 0 Strong Buy Ratings
C$16.07 As of 03/19/2026 05:00 PM ET
▼ -0.34 (-2.07%)

This chart shows the closing price for MTL by one month, three months, or twelve months.

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Analyst Price Target for MTL

Analyst Price Target is C$17.95
▲ +11.70% Upside Potential
This price target is based on 8 analysts offering 12 month price targets for Mullen Group in the last 3 months. The average price target is C$17.95, with a high forecast of C$20.00 and a low forecast of C$16.75. The average price target represents a 11.70% upside from the last price of C$16.07.

This chart shows the closing price for MTL for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 8 investment analysts is to moderate buy stock in Mullen Group. This rating has held steady since June 2025, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
9/25/2024
  • 0 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
12/24/2024
  • 0 strong buy ratings
  • 6 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
3/24/2025
  • 0 strong buy ratings
  • 9 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
6/22/2025
  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
9/20/2025
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
12/19/2025
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
2/17/2026
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
3/19/2026

Latest Recommendations

  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
1/21/2026ScotiabankBoost TargetSector PerformC$16.00 ➝ C$18.50
1/20/2026National Bank FinancialBoost TargetOutperformC$16.50 ➝ C$19.00
1/8/2026Canadian Imperial Bank of CommerceBoost TargetC$15.00 ➝ C$17.00
12/12/2025DesjardinsBoost TargetBuyC$18.00 ➝ C$19.00
12/8/2025Raymond James FinancialDowngradeModerate Buy ➝ Hold
12/8/2025BMO Capital MarketsBoost TargetC$16.00 ➝ C$18.00
10/23/2025Royal Bank Of CanadaBoost TargetOutperformC$15.00 ➝ C$17.00
10/23/2025TD SecuritiesBoost TargetBuyC$19.00 ➝ C$20.00
10/23/2025National Bank FinancialLower TargetOutperformC$17.00 ➝ C$16.50
10/8/2025Royal Bank Of CanadaBoost TargetOutperformC$14.00 ➝ C$15.00
7/25/2025Raymond James FinancialSet TargetOutperformC$16.75
7/25/2025Acumen CapitalLower TargetBuyC$18.25 ➝ C$17.25
7/25/2025TD SecuritiesBoost TargetBuyC$18.00 ➝ C$19.00
7/10/2025ScotiabankDowngradeStrong-Buy ➝ HoldC$16.50 ➝ C$16.00
7/7/2025Canadian Imperial Bank of CommerceDowngradeStrong-Buy ➝ Hold
5/22/2025Canadian Imperial Bank of CommerceBoost TargetC$15.00 ➝ C$16.50
5/22/2025DesjardinsSet TargetBuyC$18.00
5/13/2025DesjardinsSet TargetBuyC$18.00
5/12/2025DesjardinsUpgradeModerate Buy
4/24/2025Acumen CapitalLower TargetBuyC$18.75 ➝ C$18.25
4/24/2025Raymond James FinancialUpgradeMarket Perform ➝ OutperformC$17.00 ➝ C$16.75
4/24/2025ScotiabankLower TargetOutperformC$17.00 ➝ C$16.50
4/24/2025National Bank FinancialLower TargetOutperformC$19.00 ➝ C$18.00
4/24/2025CormarkLower TargetC$18.50 ➝ C$17.00
4/22/2025Royal Bank Of CanadaLower TargetOutperformC$16.00 ➝ C$14.00
4/15/2025TD SecuritiesLower TargetBuyC$21.00 ➝ C$18.00
4/10/2025Canadian Imperial Bank of CommerceLower TargetC$18.00 ➝ C$15.00
2/14/2025Raymond James FinancialLower TargetC$18.50 ➝ C$17.50
1/30/2025ScotiabankLower TargetC$20.00 ➝ C$19.00
1/20/2025ScotiabankLower TargetC$20.00 ➝ C$19.00
12/10/2024CormarkLower TargetC$20.75 ➝ C$19.75
12/10/2024Raymond James FinancialLower TargetC$18.75 ➝ C$18.50
12/9/2024National Bank FinancialBoost TargetC$18.00 ➝ C$19.00
10/25/2024BMO Capital MarketsBoost TargetC$17.00 ➝ C$20.00
10/25/2024Canadian Imperial Bank of CommerceBoost TargetC$16.50 ➝ C$17.50
10/25/2024Raymond James FinancialBoost TargetC$17.25 ➝ C$18.75
10/15/2024Raymond James FinancialBoost TargetC$17.00 ➝ C$17.25
9/11/2024TD SecuritiesLower TargetBuyC$22.00 ➝ C$21.00
7/29/2024TD SecuritiesBoost TargetBuyC$21.00 ➝ C$22.00
7/26/2024Canadian Imperial Bank of CommerceBoost TargetC$15.50 ➝ C$16.50
7/26/2024BMO Capital MarketsUpgradeMarket Perform ➝ OutperformC$14.50 ➝ C$17.00
7/26/2024Raymond James FinancialBoost TargetC$16.50 ➝ C$17.00
7/26/2024Royal Bank Of CanadaBoost TargetC$16.00 ➝ C$17.00
7/26/2024CormarkBoost TargetC$18.75 ➝ C$19.50
7/3/2024Canadian Imperial Bank of CommerceLower TargetOutperformC$16.00 ➝ C$15.50
4/26/2024Royal Bank Of CanadaLower TargetOutperformC$17.00 ➝ C$16.00
4/26/2024Raymond James FinancialLower TargetMarket PerformC$17.00 ➝ C$16.50
4/26/2024Canadian Imperial Bank of CommerceLower TargetOutperformC$17.00 ➝ C$16.00
4/26/2024ScotiabankLower TargetOutperformC$20.00 ➝ C$19.00
4/26/2024National Bank FinancialLower TargetOutperformC$19.50 ➝ C$18.00
4/26/2024BMO Capital MarketsLower TargetC$16.00 ➝ C$14.50
2/16/2024TD SecuritiesBoost TargetBuyC$21.00 ➝ C$22.00
2/16/2024National Bank FinancialBoost TargetOutperformC$19.00 ➝ C$19.50
2/16/2024Raymond James FinancialBoost TargetMarket PerformC$16.00 ➝ C$17.00
2/16/2024Acumen CapitalLower TargetBuyC$19.50 ➝ C$19.00
2/16/2024ScotiabankBoost TargetOutperformC$19.50 ➝ C$20.00
2/16/2024Canadian Imperial Bank of CommerceUpgradeNeutral ➝ OutperformC$16.50 ➝ C$17.00
2/16/2024CormarkBoost TargetC$19.50 ➝ C$20.00
2/2/2024BMO Capital MarketsBoost TargetC$15.00 ➝ C$16.00
1/22/2024ScotiabankBoost TargetOutperformC$19.00 ➝ C$19.50
1/22/2024Royal Bank Of CanadaUpgradeSector Perform ➝ OutperformC$15.00 ➝ C$17.00
1/22/2024CormarkSet TargetC$19.50
1/19/2024Canadian Imperial Bank of CommerceBoost TargetC$16.00 ➝ C$16.50
1/18/2024Acumen CapitalBoost TargetBuyC$19.00 ➝ C$19.50
1/16/2024TD SecuritiesSet TargetMarket PerformC$16.75
12/13/2023TD SecuritiesBoost TargetBuyC$18.50 ➝ C$21.00
10/20/2023CormarkBoost TargetC$19.25 ➝ C$20.00
10/10/2023TD SecuritiesUpgradeHold ➝ BuyC$18.50
10/6/2023Canadian Imperial Bank of CommerceLower TargetNeutralC$16.50 ➝ C$15.50
7/21/2023Canadian Imperial Bank of CommerceBoost TargetNeutralC$16.00 ➝ C$16.50
7/21/2023BMO Capital MarketsBoost TargetMarket PerformC$15.50 ➝ C$16.00
7/21/2023ScotiabankBoost TargetSector PerformC$18.50 ➝ C$19.00
7/21/2023CormarkBoost TargetBuyC$17.75 ➝ C$19.25
7/21/2023Royal Bank Of CanadaBoost TargetSector PerformC$14.00 ➝ C$15.00
7/21/2023TD SecuritiesBoost TargetHoldC$17.00 ➝ C$18.50
7/21/2023Raymond James FinancialBoost TargetStrong-BuyC$17.00 ➝ C$18.00
6/15/2023Canadian Imperial Bank of CommerceBoost TargetC$15.50 ➝ C$16.00
4/28/2023TD SecuritiesBoost TargetHoldC$16.00 ➝ C$17.00
4/28/2023National Bank FinancialBoost TargetOutperformC$18.50 ➝ C$19.00
4/28/2023BMO Capital MarketsBoost TargetC$15.00 ➝ C$15.50
4/28/2023ScotiabankBoost TargetC$17.50 ➝ C$18.00
4/28/2023Canadian Imperial Bank of CommerceBoost TargetC$14.00 ➝ C$15.50
3/14/2023National Bank FinancialSet TargetOutperformC$18.50
3/13/2023National Bank FinancialReiterated RatingOutperfrom Under Weight
2/10/2023Royal Bank Of CanadaBoost TargetSector PerformC$13.00 ➝ C$14.00
1/27/2023TD SecuritiesLower TargetC$17.00 ➝ C$16.50
1/23/2023ScotiabankUpgradeSector Perform ➝ OutperformC$16.00 ➝ C$17.50
1/18/2023Canadian Imperial Bank of CommerceLower TargetNeutralC$15.50 ➝ C$14.00
1/17/2023Raymond James FinancialLower TargetStrong-BuyC$18.00 ➝ C$17.00
1/17/2023BMO Capital MarketsDowngradeOutperform ➝ Market PerformC$17.00 ➝ C$15.00
1/17/2023CormarkLower TargetC$19.00 ➝ C$17.00
12/21/2022TD SecuritiesDowngradeBuy ➝ HoldC$17.00
10/21/2022Royal Bank Of CanadaDowngradeOutperform ➝ Sector PerformC$17.00 ➝ C$13.00
10/21/2022BMO Capital MarketsLower TargetC$18.00 ➝ C$17.00
10/7/2022Canadian Imperial Bank of CommerceLower TargetNeutralC$15.50 ➝ C$15.00
7/22/2022Credit Suisse GroupUpgradeStrong-BuyC$18.00
7/22/2022Haywood SecuritiesBoost TargetBuyC$17.00
7/22/2022Canadian Imperial Bank of CommerceBoost TargetC$14.00 ➝ C$15.50
7/22/2022Royal Bank Of CanadaBoost TargetOutperformC$15.00 ➝ C$17.00
7/22/2022TD SecuritiesBoost TargetBuyC$14.00 ➝ C$17.00
7/22/2022Raymond James FinancialUpgradeOutperform ➝ Strong-BuyC$14.50 ➝ C$18.00
7/22/2022BMO Capital MarketsBoost TargetC$16.00 ➝ C$18.00
7/22/2022CormarkBoost TargetC$16.00 ➝ C$19.00
7/22/2022National Bank FinancialBoost TargetOutperformC$16.50 ➝ C$18.00
7/18/2022National Bank FinancialReiterated RatingOutperform Market Weight
5/4/2022Raymond James FinancialSet TargetOutperformC$14.50
4/22/2022Royal Bank Of CanadaBoost TargetOutperformC$14.00 ➝ C$15.00
4/22/2022Canadian Imperial Bank of CommerceBoost TargetNeutralC$13.50 ➝ C$14.00
4/22/2022CormarkBoost TargetBuyC$17.00 ➝ C$18.00
4/22/2022ScotiabankBoost TargetC$15.50 ➝ C$16.00
4/22/2022TD SecuritiesInitiated CoverageBuyC$17.00 ➝ C$16.50
4/21/2022Raymond James FinancialSet TargetOutperformC$14.50
2/10/2022Raymond James FinancialReiterated RatingOutperformC$14.50
12/9/2021TD SecuritiesLower TargetBuyC$19.00 ➝ C$17.00
12/9/2021CormarkLower TargetC$17.50 ➝ C$17.00
12/9/2021Canadian Imperial Bank of CommerceDowngradeOutperform ➝ HoldC$15.50 ➝ C$13.50
12/6/2021Raymond James FinancialUpgradeMarket Perform ➝ BuyC$14.50
10/29/2021ScotiabankLower TargetC$17.50 ➝ C$16.50
10/29/2021Royal Bank Of CanadaLower TargetOutperformC$15.00 ➝ C$14.00
10/18/2021ScotiabankBoost TargetC$16.00 ➝ C$17.50
10/12/2021National Bank FinancialBoost TargetOutperformC$15.50 ➝ C$16.50
7/27/2021ScotiabankBoost TargetC$15.00 ➝ C$16.00
7/23/2021Canadian Imperial Bank of CommerceBoost TargetC$14.75 ➝ C$15.50
7/23/2021Raymond James FinancialBoost TargetMarket PerformC$13.50 ➝ C$14.50
7/23/2021BMO Capital MarketsSet TargetC$17.00 ➝ C$18.00
7/22/2021Canadian Imperial Bank of CommerceReiterated RatingOutperformC$14.75
7/22/2021TD SecuritiesBoost TargetBuyC$18.00 ➝ C$18.50
7/22/2021Raymond James FinancialReiterated RatingMarket PerfomC$13.50
7/20/2021ScotiabankBoost TargetC$14.25 ➝ C$15.00
7/6/2021Raymond James FinancialBoost TargetMarket PerformC$12.75 ➝ C$13.50
7/5/2021Royal Bank Of CanadaReiterated RatingOutperformC$15.00
7/2/2021TD SecuritiesBoost TargetBuyC$17.00 ➝ C$18.00
7/2/2021CormarkBoost TargetBuyC$15.50 ➝ C$16.00
7/2/2021Canadian Imperial Bank of CommerceReiterated RatingOutperformC$14.75
4/25/2021Canadian Imperial Bank of CommerceBoost TargetC$14.25 ➝ C$14.75
4/23/2021Royal Bank Of CanadaBoost TargetOutperformC$13.00 ➝ C$15.00
4/22/2021TD SecuritiesBoost TargetBuyC$16.00 ➝ C$17.00
4/20/2021CormarkBoost TargetNAC$14.25 ➝ C$15.50
4/19/2021ScotiabankBoost TargetC$14.00 ➝ C$14.25
4/19/2021Raymond James FinancialReiterated RatingMarket PerformC$12.50
4/19/2021National Bank FinancialBoost TargetOutperformC$14.50 ➝ C$15.25
4/19/2021Canadian Imperial Bank of CommerceBoost TargetOutperformC$13.50 ➝ C$14.25
4/9/2021National Bank FinancialBoost TargetOutperformC$13.75 ➝ C$14.50
4/9/2021Raymond James FinancialReiterated RatingOutperform ➝ Market PerformC$12.50
(Data available from 3/20/2021 forward)

News Sentiment Rating

0.40 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/21/2025
  • 0 very positive mentions
  • 1 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
9/20/2025
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/20/2025
  • 0 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/19/2025
  • 1 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/19/2025
  • 0 very positive mentions
  • 2 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
1/18/2026
  • 1 very positive mentions
  • 5 positive mentions
  • 2 negative mentions
  • 1 very negative mentions
Mentions as of
2/17/2026
  • 2 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/19/2026

Current Sentiment

  • 2 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Mullen Group logo
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. In addition, our businesses provide a diverse set of specialized services related to the energy, mining, forestry and construction industries in western Canada, including water management, fluid hauling and environmental reclamation. The corporate office provides the capital and financial expertise, legal support, technology and systems support, shared services and strategic planning to its independent businesses.
Read More

Today's Range

Now: C$16.07
Low: C$15.87
High: C$16.37

50 Day Range

MA: C$16.81
Low: C$16.07
High: C$17.69

52 Week Range

Now: C$16.07
Low: C$11.81
High: C$17.74

Volume

347,653 shs

Average Volume

296,579 shs

Market Capitalization

C$1.54 billion

P/E Ratio

16.07

Dividend Yield

5.13%

Beta

0.844422

Frequently Asked Questions

What sell-side analysts currently cover shares of Mullen Group?

The following sell-side analysts have issued reports on Mullen Group in the last twelve months: Acumen Capital, BMO Capital Markets, Canadian Imperial Bank of Commerce, Cormark, Desjardins, National Bank Financial, Raymond James Financial, Inc., Royal Bank Of Canada, Scotiabank, and TD Securities.
View the latest analyst ratings for MTL.

What is the current price target for Mullen Group?

0 Wall Street analysts have set twelve-month price targets for Mullen Group in the last year. Their average twelve-month price target is C$17.95, suggesting a possible upside of 12.7%. TD Securities has the highest price target set, predicting MTL will reach C$20.00 in the next twelve months. Raymond James Financial, Inc. has the lowest price target set, forecasting a price of C$16.75 for Mullen Group in the next year.
View the latest price targets for MTL.

What is the current consensus analyst rating for Mullen Group?

Mullen Group currently has 3 hold ratings and 5 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for MTL.

What other companies compete with Mullen Group?

Other companies that are similar to Mullen Group include TFI International, Exchange Income, MDA Space, Air Canada and Secure Energy Services. Learn More about companies similar to Mullen Group.

How do I contact Mullen Group's investor relations team?

Mullen Group's physical mailing address is 121A-31 Southridge Dr, OKOTOKS, AB T1S 2N3, Canada. The company's listed phone number is +1-403-9955200. The official website for Mullen Group is www.mullen-group.com. Learn More about contacing Mullen Group investor relations.