Mullen Group Ltd. (TSX:MTL)
Canada flag Canada · Delayed Price · Currency is CAD
25.63
-0.16 (-0.62%)
Jul 17, 2026, 4:00 PM EST

Mullen Group Stock Forecast

Stock Price Forecast

According to 10 analysts polled by S&P Global, Mullen Group stock has a consensus rating of "Buy" and an average price target of $22.40. The average 1-year stock price forecast is 12.60% lower than the current stock price, while the lowest is $18.00 (-29.77%) and the highest is $25.00 (-2.46%).

Price Target: $22.40 (-12.60%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$18.00$22.40$23.00$25.00
Change-29.77%-12.60%-10.26%-2.46%

Analyst Ratings

The average analyst rating for Mullen Group stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart
RatingFeb '26Mar '26Apr '26May '26Jun '26Jul '26
Strong Buy333333
Buy333333
Hold444445
Sell000000
Strong Sell000000
Total101010101011

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Scotiabank
Scotiabank
Hold
Maintains
$21.00$24.00
HoldMaintains$21.00$24.00-6.36%Jul 16, 2026
RBC Capital
RBC Capital
Buy
Maintains
$21.00$23.00
BuyMaintains$21.00$23.00-10.26%Jul 9, 2026
CIBC
CIBC
Hold
Maintains
$20.00$22.00
HoldMaintains$20.00$22.00-14.16%Jun 30, 2026
TD Cowen
TD Cowen
Buy
Maintains
$21.00$24.00
BuyMaintains$21.00$24.00-6.36%Apr 24, 2026
BMO Capital
BMO Capital
Buy
Reiterates
$20.00$23.00
BuyReiterates$20.00$23.00-10.26%Apr 24, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
2.32B
from 2.13B
Increased by 8.60%
Revenue Next Year
2.36B
from 2.32B
Increased by 2.06%
EPS This Year
1.26
from 0.94
Increased by 34.41%
EPS Next Year
1.40
from 1.26
Increased by 10.99%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
1.48B2.00B1.99B1.99B2.13B2.32B
Revenue Growth
26.89%35.33%-0.24%-0.27%7.26%8.60%
Gross Profit
417.44M571.51M589.77M603.58M639.97M698.61M
Gross Margin
28.25%28.58%29.57%30.34%29.99%30.15%
Operating Income
104.69M217.35M212.27M201.27M205.85M212.08M
Net Income
72.44M158.62M136.72M112.26M91.11M118.71M
EPS
----0.941.26
EPS Growth
-----30.88%34.41%
Forward PE
14.6010.9710.2311.3213.9120.29
Dividend / Share
0.480.680.720.770.840.84
Dividend Growth
-41.67%5.88%6.94%9.09%-
Free Cash Flow
79.76M127.78M79.23M177.95M136.16M163.91M
No. Analysts
-----10
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is CAD.

Revenue Forecast

Revenue202620272028
High2.4B
Avg2.3B
Low2.2B

Revenue Growth

Revenue Growth202620272028
High
11.8%
Avg
8.6%
Low
3.7%

EPS Forecast

EPS202620272028
High1.39
Avg1.26
Low1.20

EPS Growth

EPS Growth202620272028
High
47.9%
Avg
34.4%
Low
27.7%