Mullen Group: five brokers raise price targets to C$31–36 per share
Five Canadian analysts lifted their price targets on Mullen Group shares on October 23. The new targets range from C$31 to C$36 per share, according to Baystreet.
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what happened
Dow Jones Newswires, citing Baystreet, reported revised price targets for shares of Canadian transport company Mullen Group. On October 23, Raymond James raised its target to C$31 from C$25. Scotia lifted its target to C$33 from C$30 and kept a Sector Perform rating. Desjardins Securities increased its target to C$34 from C$31, National Bank moved to C$36 from C$31 with an Outperform rating, and TD raised its target to C$36 from C$32 with a Buy rating.
why it matters
Such revisions reflect updated analyst valuations and are not tied to a new company report. For investors, this is a signal about sentiment toward the stock rather than new financial data, so the impact on the broader market is limited.
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instruments
sources
- Mullen Group Ltd. Price Target Raised to C$31.00/Share From C$25.00 by Raymond James — Dow Jones Newswires, 23 October 2026 at 15:06 UTC
- Mullen Group Ltd. Price Target Raised to C$33.00/Share From C$30.00 by Scotia — Dow Jones Newswires, 23 October 2026 at 15:05 UTC
- Mullen Group Ltd. Price Target Raised to C$34.00/Share From C$31.00 by Desjardins Securities — Dow Jones Newswires, 23 October 2026 at 15:05 UTC
- Mullen Group Ltd. Price Target Raised to C$36.00/Share From C$31.00 by National Bank — Dow Jones Newswires, 23 October 2026 at 15:05 UTC
- Mullen Group Ltd. Price Target Raised to C$36.00/Share From C$32.00 by TD — Dow Jones Newswires, 23 October 2026 at 15:05 UTC
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