Scotia Capital lifts Mullen Group target to CAD 30.00 for Mullen Group stock

Published on 10/15/2026 at 20:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due on October 22, 2026 before markets open. Mullen Group stock costs EUR 16.90 on October 15, 2026, up 0.26 percent on Toronto.

Analyst target and reporting date

Scotia Capital raised its Mullen Group target to CAD 30.00 on October 15, 2026.
Mullen Group plans to publish third-quarter results on October 22, 2026.
Mullen Group stock costs EUR 16.90 at Lang & Schwarz on October 15, 2026 at 8:39 p.m. CEST, up 0.26 percent on Toronto.
Mullen Group trades at a price-to-earnings ratio of 24.68.

MTL, CA6252841045, Illustration mit AI erstellt.

Scotia Capital raised its price target for Mullen Group from CAD 29.00 to CAD 30.00 on October 15, 2026, according to TradingView. Against the Toronto price of CAD 26.90, the target implies 11.52 percent upside. Mullen Group stock was at EUR 16.90 at Lang & Schwarz on October 15, 2026 at 8:39 p.m. CEST, up 0.26 percent on Toronto.

Results arrive October 22

Mullen Group is scheduled to release its third-quarter 2026 results on October 22, 2026, with the announcement planned before the market opens. The Globe and Mail reported that the company had also scheduled a conference call and webcast for the same date.

Revenue reached CAD 609.30 million

For the second quarter of 2026, Mullen Group reported revenue of CAD 609.30 million and net income of CAD 35.95 million. Diluted earnings per share were CAD 0.37 for that period. The first quarter provides a useful comparison: revenue was CAD 547.70 million and net income was CAD 21.05 million, so second-quarter revenue was CAD 61.61 million higher and net income was CAD 14.90 million higher. These figures come from the standardized quarterly statements for Mullen Group.

Price position and valuation

Mullen Group traded at CAD 26.90 on the Toronto Stock Exchange at 2:46 p.m. ET on October 15, 2026, with 116,955 shares changing hands against an average volume of 346,166. The 52-week range was CAD 13.53 to CAD 28.78, while the year-to-date price gain was not used as a separate comparison here.

Market capitalization was CAD 2.6 billion, and the trailing price-to-earnings ratio was 24.68. The annual dividend was CAD 0.84 per share, equivalent to a 3.13 percent yield. The average analyst target was CAD 29.36, according to the October 14, 2026 update from Stock Analysis.

Comparison with peers

Mullen Group (TSX, CAD): up 0.26 percent, price-to-earnings ratio 24.68, market capitalization CAD 2.6 billion.
TC Energy (TSX, CAD): minus 2.95 percent, price-to-earnings ratio 25.39, market capitalization CAD 88.1 billion.
TFI International (TSX, CAD): up 0.44 percent, price-to-earnings ratio 25.62, market capitalization CAD 13.2 billion.

Trading after the Xetra close

The euro quotation stood at EUR 16.90 at Lang & Schwarz on October 15, 2026 at 8:39 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Mullen Group stock.