Mullen Group (MTL) Stock Forecast & Price Target

C$14.70 +0.07 (+0.48%)

(As of 12/20/2024 05:17 PM ET)

Mullen Group - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 8 Analyst Ratings

Sell
0

Hold
1

Buy
7

Based on 8 Wall Street analysts who have issued ratings for Mullen Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 8 analysts, 1 has given a hold rating, and 7 have given a buy rating for MTL.

Consensus Price Target

C$18.97
29.06% Upside

According to the 8 analysts' twelve-month price targets for Mullen Group, the average price target is C$18.97. The highest price target for MTL is C$21.00, while the lowest price target for MTL is C$17.00. The average price target represents a forecasted upside of 29.06% from the current price of C$14.70.

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MTL Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	3 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$18.97	C$18.86	C$18.22	C$17.94
Forecasted Upside	29.06% Upside	21.92% Upside	26.81% Upside	28.13% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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MTL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MTL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Mullen Group Stock vs. The Competition

Type	Mullen Group	Industrials Companies
Consensus Rating Score	2.88	2.73
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Negative News See Recent MTL News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/10/2024	Cormark 3 of 5 stars		Lower Target		C$20.75 ➝ C$19.75	+28.00%
12/10/2024	Raymond James 4 of 5 stars		Lower Target		C$18.75 ➝ C$18.50	+19.90%
12/9/2024	National Bankshares 1 of 5 stars		Boost Target		C$18.00 ➝ C$19.00	+20.79%
10/25/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Gibson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$17.00 ➝ C$20.00	+29.20%
10/25/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$16.50 ➝ C$17.50	+13.05%
9/11/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$22.00 ➝ C$21.00	+51.19%
Get the Latest News and Ratings for MTL and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Mullen Group and its competitors with MarketBeat's FREE daily newsletter.
7/26/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$16.00 ➝ C$17.00	+15.41%
4/26/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$20.00 ➝ C$19.00	+43.61%
2/16/2024	Acumen Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$19.50 ➝ C$19.00	+26.92%
3/13/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Doerksen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperfrom Under Weight

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:44 PM ET.

MTL Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Mullen Group is C$18.97, with a high forecast of C$21.00 and a low forecast of C$17.00.
: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mullen Group in the last twelve months. There is currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MTL shares.
: According to analysts, Mullen Group's stock has a predicted upside of 29.06% based on their 12-month stock forecasts.
: Mullen Group has been rated by research analysts at BMO Capital Markets, CIBC, Cormark, National Bankshares, and Raymond James in the past 90 days.
: Analysts like Mullen Group more than other "industrials" companies. The consensus rating score for Mullen Group is 2.88 while the average consensus rating score for "industrials" companies is 2.73. Learn more on how MTL compares to other companies.

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This page (TSE:MTL) was last updated on 12/21/2024 by MarketBeat.com Staff

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Mullen Group (MTL) Stock Forecast & Price Target