Desjardins Analysts Give Mullen Group (TSE:MTL) a C$18.00 Price Target

Desjardins set a C$18.00 price objective on Mullen Group (TSE:MTL) in a research note released on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock. Desjardins also issued estimates for Mullen Group’s Q2 2025 earnings at $0.33 EPS, Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.25 EPS, FY2025 earnings at $1.18 EPS, FY2026 earnings at $1.42 EPS and FY2027 earnings at $1.57 EPS.

MTL has been the subject of several other research reports. Royal Bank of Canada dropped their price objective on Mullen Group from C$16.00 to C$14.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. Acumen Capital decreased their target price on Mullen Group from C$18.75 to C$18.25 and set a “buy” rating for the company in a report on Thursday, April 24th. CIBC dropped their price target on Mullen Group from C$18.00 to C$15.00 in a research note on Thursday, April 10th. National Bankshares reduced their price objective on shares of Mullen Group from C$19.00 to C$18.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Finally, Raymond James upgraded shares of Mullen Group from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from C$17.00 to C$16.75 in a report on Thursday, April 24th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Mullen Group currently has an average rating of “Buy” and a consensus price target of C$17.15.

Mullen Group Stock Performance

Mullen Group stock opened at C$14.38 on Tuesday. The company has a current ratio of 1.62, a quick ratio of 1.06 and a debt-to-equity ratio of 120.69. The firm has a market cap of C$1.28 billion, a P/E ratio of 10.43, a P/E/G ratio of 1.81 and a beta of 1.82. Mullen Group has a 1-year low of C$11.81 and a 1-year high of C$16.06. The firm has a 50-day moving average of C$12.89 and a 200-day moving average of C$14.07.

Mullen Group Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were given a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a yield of 5.84%. The ex-dividend date was Wednesday, April 30th. Mullen Group’s dividend payout ratio is currently 60.92%.

Insider Activity

In related news, Senior Officer Joanna Kathryn Scott purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average price of C$13.23 per share, for a total transaction of C$26,460.00. In the last 90 days, insiders have acquired 2,832 shares of company stock worth $37,153. Corporate insiders own 6.32% of the company’s stock.

Mullen Group Company Profile

Mullen Group is one of North America’s largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation.