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Mullen Group - MTL Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$16.45
  • Forecasted Upside: 13.76%
  • Number of Analysts: 10
  • Breakdown:
  • 0 Sell Ratings
  • 4 Hold Ratings
  • 4 Buy Ratings
  • 2 Strong Buy Ratings
C$14.46 As of 03/24/2023 01:00 AM ET
▲ +0.05 (0.35%)

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$16.45
▲ +13.76% Upside Potential
This price target is based on 10 analysts offering 12 month price targets for Mullen Group in the last 3 months. The average price target is C$16.45, with a high forecast of C$18.50 and a low forecast of C$14.00. The average price target represents a 13.76% upside from the last price of C$14.46.

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 Buy

The current consensus among 10 polled investment analysts is to buy stock in Mullen Group. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 1 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
10/2/2021
  • 1 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
12/31/2021
  • 1 strong buy ratings
  • 2 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
3/31/2022
  • 1 strong buy ratings
  • 2 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
6/29/2022
  • 2 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
9/27/2022
  • 2 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
12/26/2022
  • 2 strong buy ratings
  • 4 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
2/24/2023
  • 2 strong buy ratings
  • 4 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
3/26/2023

Latest Recommendations

  • 2 strong buy ratings
  • 4 buy ratings
  • 4 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
3/14/2023National BanksharesSet 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
1/18/2023CIBCLower TargetNeutralC$15.50 ➝ C$14.00
1/17/2023Raymond JamesLower 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
10/7/2022CIBCLower TargetNeutralC$15.50 ➝ C$15.00
7/22/2022Credit Suisse GroupUpgradeStrong-BuyC$18.00
7/22/2022Haywood SecuritiesBoost TargetBuyC$17.00
7/22/2022CIBCBoost 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 JamesUpgradeOutperform ➝ 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 BanksharesBoost TargetOutperformC$16.50 ➝ C$18.00
7/18/2022National Bank FinancialReiterated RatingOutperform Market Weight
5/4/2022Raymond JamesSet TargetOutperformC$14.50
4/22/2022Royal Bank of CanadaBoost TargetOutperformC$14.00 ➝ C$15.00
4/22/2022CIBCBoost 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 JamesSet TargetOutperformC$14.50
2/10/2022Raymond JamesReiterated RatingOutperformC$14.50
12/9/2021TD SecuritiesLower TargetBuyC$19.00 ➝ C$17.00
12/9/2021CormarkLower TargetC$17.50 ➝ C$17.00
12/9/2021CIBCDowngradeOutperform ➝ HoldC$15.50 ➝ C$13.50
12/6/2021Raymond JamesUpgradeMarket 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$16.50
10/12/2021National BanksharesBoost TargetOutperformC$15.50 ➝ C$16.50
7/27/2021ScotiabankBoost TargetC$15.00 ➝ C$16.00
7/23/2021CIBCBoost TargetC$14.75 ➝ C$15.50
7/23/2021Raymond JamesBoost TargetMarket PerformC$13.50 ➝ C$14.50
7/23/2021BMO Capital MarketsSet TargetC$17.00 ➝ C$18.00
7/22/2021CIBCReiterated RatingOutperformC$14.75
7/22/2021TD SecuritiesBoost TargetBuyC$18.00 ➝ C$18.50
7/22/2021Raymond JamesReiterated RatingMarket PerfomC$13.50
7/20/2021ScotiabankBoost TargetC$14.25 ➝ C$15.00
7/6/2021Raymond JamesBoost 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
7/2/2021CIBCReiterated RatingOutperformC$14.75
4/25/2021CIBCBoost 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
4/19/2021National Bank FinancialBoost TargetOutperformC$15.25
4/19/2021ScotiabankBoost TargetC$14.00 ➝ C$14.25
4/19/2021Raymond JamesReiterated RatingMarket PerformC$12.50
4/19/2021National BanksharesBoost TargetOutperformC$14.50 ➝ C$15.25
4/19/2021CIBCBoost TargetOutperformC$13.50 ➝ C$14.25
4/9/2021National BanksharesBoost TargetOutperformC$13.75 ➝ C$14.50
4/9/2021Raymond JamesReiterated RatingOutperform ➝ Market PerformC$12.50
3/15/2021BMO Capital MarketsBoost TargetNAC$13.00 ➝ C$15.00
3/10/2021CormarkBoost TargetNAC$13.00 ➝ C$14.25
3/9/2021TD SecuritiesBoost TargetBuyC$15.00 ➝ C$16.00
3/9/2021Raymond JamesBoost TargetOutperformC$12.25 ➝ C$12.50
2/24/2021Raymond JamesSet TargetOutperformC$12.25
2/12/2021BMO Capital MarketsReiterated RatingMarket PerformC$14.00 ➝ C$13.00
2/12/2021Raymond JamesReiterated RatingOutperformC$12.50
1/19/2021Raymond JamesBoost TargetOutperformC$11.25 ➝ C$12.25
1/14/2021ScotiabankBoost TargetC$13.00 ➝ C$14.00
12/10/2020Raymond JamesReiterated RatingOutperformC$11.25
12/10/2020BMO Capital MarketsBoost TargetSector PerformC$12.00 ➝ C$13.00
12/10/2020ScotiabankBoost TargetC$12.00 ➝ C$13.00
12/4/2020CIBCReiterated RatingOutperformC$13.50
11/29/2020National Bank FinancialBoost TargetOutperformC$11.75 ➝ C$12.00
11/23/2020National Bank FinancialBoost TargetOutperformC$11.75 ➝ C$12.00
10/29/2020National Bank FinancialBoost TargetOutperformC$11.00 ➝ C$11.75
10/23/2020Royal Bank of CanadaBoost TargetOutperformC$11.00 ➝ C$12.00
10/23/2020National Bank FinancialLower TargetOutperformC$11.00 ➝ C$1.75
10/23/2020BMO Capital MarketsBoost TargetC$11.00 ➝ C$12.00
10/22/2020Raymond JamesSet TargetOutperformC$11.25
10/22/2020TD SecuritiesBoost TargetBuyC$13.00 ➝ C$14.00
10/22/2020National Bank FinancialBoost TargetOutperformC$11.00 ➝ C$11.75
10/20/2020ScotiabankBoost TargetC$10.50 ➝ C$12.00
10/13/2020Raymond JamesBoost TargetOutperformC$9.75 ➝ C$11.25
10/13/2020National Bank FinancialBoost TargetOutperformC$10.75 ➝ C$11.00
10/7/2020National Bank FinancialBoost TargetOutperformC$10.75 ➝ C$11.00
10/1/2020National Bank FinancialBoost TargetOutperformC$10.75 ➝ C$11.00
9/3/2020Raymond JamesSet TargetOutperformC$9.75
7/24/2020BMO Capital MarketsBoost TargetC$8.50 ➝ C$11.00
7/24/2020ScotiabankBoost TargetC$9.50 ➝ C$10.60
7/24/2020TD SecuritiesBoost TargetBuyC$10.00 ➝ C$11.00
7/24/2020Royal Bank of CanadaUpgradeSector Perform ➝ OutperformC$8.00 ➝ C$10.00
7/23/2020Raymond JamesBoost TargetOutperformC$8.00 ➝ C$9.75
7/23/2020National Bank FinancialBoost TargetOutperform Market WeightC$9.50 ➝ C$10.75
6/15/2020National Bank FinancialBoost TargetOutperformC$8.00 ➝ C$9.50
6/15/2020TD SecuritiesBoost TargetBuyC$9.00 ➝ C$10.00
6/15/2020ScotiabankBoost TargetC$7.50 ➝ C$9.50
6/15/2020BMO Capital MarketsBoost TargetC$6.50 ➝ C$8.50
6/15/2020Raymond JamesSet TargetOutperformC$6.50
6/12/2020ScotiabankUpgradeSector Perform ➝ Outperform
6/9/2020ScotiabankBoost TargetC$5.50 ➝ C$7.50
6/9/2020Raymond JamesSet TargetOutperformC$6.50
4/24/2020BMO Capital MarketsBoost TargetC$6.00 ➝ C$6.50
4/24/2020TD SecuritiesLower TargetC$10.50 ➝ C$9.00
4/24/2020Royal Bank of CanadaBoost TargetSector PerformC$4.00 ➝ C$5.00
4/23/2020Raymond JamesLower TargetOutperformC$7.00 ➝ C$6.50
4/23/2020National Bank FinancialLower TargetOutperformC$9.00 ➝ C$8.00
4/14/2020Raymond JamesLower TargetOutperformC$8.00 ➝ C$7.00
4/3/2020Royal Bank of CanadaDowngradeOutperform ➝ Sector PerformC$11.00 ➝ C$4.00
3/24/2020Raymond JamesSet TargetOutperformC$8.75
3/23/2020BMO Capital MarketsLower TargetC$9.00 ➝ C$7.00
3/18/2020Raymond JamesLower TargetOutperformC$12.00 ➝ C$8.75
3/11/2020National Bank FinancialUpgradeSector Perform ➝ OutperformC$10.00 ➝ C$9.00
3/10/2020National Bank FinancialUpgradeSector Perform Overweight ➝ Outperform OverweightC$11.00 ➝ C$10.00
2/18/2020ScotiabankLower TargetC$11.00 ➝ C$10.50
2/14/2020BMO Capital MarketsBoost TargetC$11.00 ➝ C$12.00
2/13/2020Raymond JamesReiterated RatingOutperformC$12.00
10/15/2019CIBCLower TargetC$15.00 ➝ C$14.50
9/10/2019BMO Capital MarketsLower TargetC$12.00 ➝ C$11.00
8/15/2019National Bank FinancialDowngradeOutperform ➝ Sector PerformC$13.00 ➝ C$11.00
7/26/2019BMO Capital MarketsLower TargetC$13.00 ➝ C$12.00
7/26/2019GMP SecuritiesUpgradeReduce ➝ HoldC$8.75 ➝ C$9.50
7/26/2019TD SecuritiesBoost TargetBuyC$13.50 ➝ C$15.00
7/25/2019Raymond JamesReiterated RatingStrong-BuyC$12.50
7/25/2019National Bank FinancialLower TargetOutperformC$16.00 ➝ C$13.00
7/3/2019CIBCUpgradeNeutral ➝ Outperform
7/3/2019Raymond JamesSet TargetStrong-BuyC$12.50
6/25/2019Raymond JamesReiterated RatingStrong-BuyC$12.50
6/24/2019Raymond JamesSet TargetOutperformC$16.00
6/24/2019TD SecuritiesUpgradeHold ➝ BuyC$13.50
6/5/2019National Bank FinancialSet TargetOutperformC$16.00
5/8/2019Raymond JamesDowngradeStrong-Buy ➝ OutperformC$14.50 ➝ C$12.50
4/26/2019Royal Bank of CanadaLower TargetOutperformC$15.00 ➝ C$14.00
4/26/2019GMP SecuritiesDowngradeHold ➝ ReduceC$12.00 ➝ C$9.25
4/26/2019TD SecuritiesLower TargetHoldC$14.00 ➝ C$13.50
4/25/2019Raymond JamesLower TargetC$15.25 ➝ C$14.50
2/8/2019BMO Capital MarketsLower TargetC$16.00 ➝ C$13.00
2/8/2019GMP SecuritiesLower TargetC$13.50 ➝ C$12.50
2/7/2019National Bank FinancialLower TargetOutperformC$16.50 ➝ C$16.00
2/7/2019TD SecuritiesBoost TargetHoldC$12.50 ➝ C$14.00
2/7/2019Raymond JamesReiterated RatingOutperformC$15.25
2/1/2019Raymond JamesUpgradeMarket Perform ➝ OutperformC$15.60
1/25/2019National Bank FinancialLower TargetOutperformC$18.50 ➝ C$16.50
10/26/2018Royal Bank of CanadaLower TargetOutperformC$18.00 ➝ C$17.00
10/26/2018GMP SecuritiesLower TargetC$17.50 ➝ C$16.50
10/26/2018Industrial Alliance SecuritiesUpgradeBuy ➝ Strong-Buy
10/26/2018TD SecuritiesLower TargetHoldC$16.00 ➝ C$15.00
10/17/2018Raymond JamesBoost TargetMarket PerformC$14.85 ➝ C$15.60
10/3/2018National Bank FinancialBoost TargetOutperformC$17.00 ➝ C$18.50
7/27/2018CIBCBoost TargetC$17.00 ➝ C$18.00
7/27/2018BMO Capital MarketsBoost TargetMarket PerformC$16.00 ➝ C$18.00
7/27/2018Royal Bank of CanadaBoost TargetOutperformC$16.00 ➝ C$18.00
7/27/2018CormarkUpgradeMarket Perform ➝ BuyC$15.00 ➝ C$19.00
7/5/2018National Bank FinancialUpgradeSector Perform ➝ OutperformC$17.00
6/12/2018Industrial Alliance SecuritiesBoost TargetC$18.00 ➝ C$18.25
6/12/2018Raymond JamesBoost TargetMarket PerformC$14.70 ➝ C$14.85
6/12/2018National Bank FinancialBoost TargetSector PerformC$16.50 ➝ C$17.00
4/27/2018ScotiabankLower TargetSector PerformC$16.50 ➝ C$16.00
4/27/2018TD SecuritiesLower TargetHoldC$17.00 ➝ C$16.00
4/26/2018National Bank FinancialDowngradeOutperform ➝ Sector PerformC$16.50
(Data available from 3/26/2018 forward)

News Sentiment Rating

0.59 (Buy)

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
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/28/2022
  • 1 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/27/2022
  • 3 very positive mentions
  • 8 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
10/27/2022
  • 2 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/26/2022
  • 2 very positive mentions
  • 7 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
12/26/2022
  • 2 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/25/2023
  • 0 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
2/24/2023
  • 1 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/26/2023

Current Sentiment

  • 1 very positive mentions
  • 5 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 Ltd. provides a range of trucking and logistics services in Canada and the United States. The company operates in four segments: Less-Than-Truckload, Logistics & Warehousing, Specialized & Industrial Services, and U.S. & International Logistics. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers multimode transportation services, such as full truckload, specialized trucking, intermodal, and transload to customers through a network of terminals and transload facilities; and warehousing and distribution services. The Specialized & Industrial Services segment provides production services, such as well servicing, production fluid transportation, transportation of fluids for disposal, frac support, hydrovac excavation, and industrial cleaning and turnaround services; and specialized services comprising dredging and dewatering services, large diameter pipe stockpiling and stringing services, water management, environmental services, civil construction, municipal development and emergency services, hydrostatic testing services to the pipeline industry and midstream sector, and transporting of oversize and overweight shipments, as well as deals in original equipment manufacturer parts and services. This segment also offers drilling and drilling related services, consisting of transportation, handling, and storage of oilfield fluids, tubulars, and drilling mud; drilling rig relocation; general oilfield hauling; well disposal facility; core drilling; setting surface casing; and conductor pipe setting services. The U.S. & International Logistics segment provides logistics services through professional representatives and station agents. This segment also owns SilverExpress, a proprietary integrated transportation management platform. Mullen Group Ltd. was founded in 1949 and is headquartered in Okotoks, Canada.
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Today's Range

Now: C$14.46
Low: C$14.26
High: C$14.49

50 Day Range

MA: C$14.29
Low: C$13.46
High: C$15.24

52 Week Range

Now: C$14.46
Low: C$10.83
High: C$15.98

Volume

362,717 shs

Average Volume

317,234 shs

Market Capitalization

C$1.33 billion

P/E Ratio

8.93

Dividend Yield

4.99%

Beta

1.76

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: BMO Capital Markets, CIBC, Cormark, Credit Suisse Group AG, Haywood Securities, National Bank Financial, National Bankshares, Inc., Raymond James, Royal Bank of Canada, Scotiabank, and TD Securities.
View the latest analyst ratings for MTL.

What is the current price target for Mullen Group?

10 Wall Street analysts have set twelve-month price targets for Mullen Group in the last year. Their average twelve-month price target is C$16.45, suggesting a possible upside of 13.8%. National Bankshares, Inc. has the highest price target set, predicting MTL will reach C$18.50 in the next twelve months. Royal Bank of Canada has the lowest price target set, forecasting a price of C$14.00 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 4 hold ratings, 4 buy ratings and 2 strong buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe MTL will outperform the market and that investors should add to their positions of Mullen Group.
View the latest ratings for MTL.

What other companies compete with Mullen Group?

Other companies that are similar to Mullen Group include Pason Systems, Shawcor, Trican Well Service, North American Construction Group and SilverCrest Metals. 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.