TSE:MTL
Mullen Group Ltd (MTL.TO)
Financials 
Technical Analysis 
Jun 26, 2026, 12:00 amThis summary was created by AI, based on 2 opinions in the last 12 months.
Mullen Group Ltd (MTL-T) has garnered attention from experts due to its strong performance over the past year. One reviewer highlights the company's operational quality and acknowledges it as owner-operated, while expressing a preference for stocks with less cyclical nature and more growth potential, specifically mentioning rail stocks like CJT. Another expert suggests maintaining a core position in Mullen Group while engaging in trading based on economic indicators, indicating the stock's cyclical characteristics, yet acknowledging its sound operational strategies. Overall, while the stock has done well, there is a consideration of trimming positions given the cyclical nature and exploration of alternatives for sustained growth.
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Premium contentOur PAST TOP PICK with MTL has triggered its stop at $13. To remain disciplined, we recommend covering the position at this time. When combined with our previous recommendations, this will result in a net investment loss of 2%.
Premium contentWe again reiterate MTL as a TOP PICK. Compared to others in this sector, it is undervalued and has proven its resilience under challenging market conditions. We like that cash reserves are stable, while debt is retired and shares bought back. It trades at 10x earnings, 1.3x book and supports a 17% ROE. It pays a nice dividend that is backed by a payout ratio under 50% of cash flow. We continue to recommend a stop at $13, looking to achieve $18 -- upside potential of 18%. Yield 4.8%
(Analysts’ price target is $17.89)Premium contentAs management expects a stronger finish to last year than expected, based on consumer resiliency along with their ability to control costs and make good acquisitions, we reiterate MTL. We like that cash reserves are stable, while debt is retired and shares bought back. It trades at 11x earnings, 1.3x book and supports a 17% ROE. It pays a good dividend, backed by a payout ratio of under 50% of cash flow. We recommend trailing up the stop (from $11) to $13, looking to achieve $17 -- upside potential of 19%. Yield 5.0%
(Analysts’ price target is $16.69)Has gone sideways as it consolidates. Been challenged in western Canada because oil prices are down, but will rise in 2024. MTL still has great funda mentals.
Andrew PylePremium contentOkotoks based transportation logistics specialist, MTL, trades at 10x earnings, 1.2x book and supports a 17% ROE. Cash reserves are stable, while debt is retired and shares are bought back. The comany continues to make good acquisitions during this challenging time for the sector. It pays a good dividend, backed by a payout ratio under 50% of cash flow. We recommend placing a stop-loss at $11, looking to achieve $17 -- upside of 28%. Yield 5.2%
(Analysts’ price target is $17.61)
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Mullen Group Ltd (MTL.TO) Frequently Asked Questions
What is Mullen Group Ltd stock symbol?
Mullen Group Ltd is a Canadian stock, trading under the symbol MTL.TO (previously MTL-T on Stockchase) on the Toronto Stock Exchange (MTL-CT). It is usually referred to as TSX:MTL or MTL.TO
Is Mullen Group Ltd a buy or a sell?
In the last year, 1 stock analyst issued a Buy, Sell, or Hold rating on MTL.TO (previously MTL-T on Stockchase). 0 analysts recommended to BUY and 1 analyst recommended to SELL the stock. The latest stock analyst rating is BUY on WEAKNESS. Read the latest stock experts' ratings for Mullen Group Ltd.
Is Mullen Group Ltd a good investment or a top pick?
Mullen Group Ltd was recommended as a Top Pick by Michael Sprung on 2022-09-21. Read the latest stock experts ratings for Mullen Group Ltd.
Why is Mullen Group Ltd stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Mullen Group Ltd.
Is Mullen Group Ltd worth watching?
Mullen Group Ltd is followed by 142 investors on Stockchase and is a trending stock that is worth watching.
What is Mullen Group Ltd stock price?
On 2026-06-26, Mullen Group Ltd (MTL.TO) stock closed at a price of $21.37.
Owner-operated. Stock's done extremely well over last year. He'd prefer other names for less cyclicality but still growth; for example, the rails. CJT is a name he owns. He'd be inclined to trim at this point.