RBC sees 16.20 percent upside for Mullen Group stock
Published on 10/20/2026 at 19:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst targets and dates
- RBC Capital maintained a Buy rating and set a CAD 32.00 target on October 19, 2026.
- Scotiabank lifted its target to CAD 30.00 from CAD 29.00 on October 15, 2026.
- Mullen Group stock costs EUR 17.40 at Lang & Schwarz on October 20, 2026 at 7:34 p.m. CEST.
- Mullen Group is scheduled to release third-quarter 2026 results on October 22, 2026.
Mullen Group (CA6252841045) has 16.20 percent implied upside to RBC Capital's CAD 32.00 target, based on a CAD 27.54 Toronto quotation on October 20, 2026. According to Markets Insider on October 19, 2026, RBC Capital maintained its Buy rating and set that target. Mullen Group stock was trading at EUR 17.40 at Lang & Schwarz on October 20, 2026 at 7:34 p.m. CEST.
Scotiabank raises its target
Scotiabank also adjusted its view before the next company update. Markets Insider reported on October 15, 2026 that analyst Konark Gupta raised the price target to CAD 30.00 from CAD 29.00 while retaining a Sector Perform rating. The CAD 30.00 target was 8.93 percent above the CAD 27.54 Toronto quotation on October 20, 2026.
Stock stays below its yearly high
The Toronto quotation stood at CAD 27.54 on October 20, 2026 at 1:36 p.m. ET, up 0.62 percent from CAD 27.37. Its 52-week range was CAD 13.53 to CAD 28.78 on the same date, putting the quotation 4.31 percent below the high. The market capitalization was CAD 2.7 billion and the price-to-earnings ratio was 25.30.
Results date approaches
The next scheduled company date is October 22, 2026. The Globe and Mail reported that Mullen Group will release its third-quarter 2026 results before the market opens, followed by a conference call and webcast. The Globe and Mail carried the date in its September 24, 2026 release.
What the targets imply
The analyst targets create a clear CAD valuation range of 8.93 percent to 16.20 percent above the October 20 Toronto quotation. The upcoming results will give investors the next operating checkpoint for that range.
Price and analyst view
Mullen Group stock was trading at EUR 17.40 at Lang & Schwarz on October 20, 2026 at 7:34 p.m. CEST. The Toronto quotation was CAD 27.54 at 1:36 p.m. ET on October 20, 2026.
The further course of trading is shown by the continuously updated real-time quote of Mullen Group stock.
Mullen Group market data
- Company: Mullen Group Ltd.
- ISIN: CA6252841045
- Ticker: MTL
- Primary exchange: Toronto Stock Exchange
- Price Lang & Schwarz (as of October 20, 2026, 7:34 p.m. CEST): EUR 17.40
- Market capitalization: CAD 2.7 billion (as of October 20, 2026)
- 52-week range: CAD 13.53-CAD 28.78 (as of October 20, 2026)
- Sector / Industry: Industrials / Ground Freight and Logistics
- Next earnings date: October 22, 2026
Market context: Market report S&P/TSX Composite.
