MULLEN GROUP LTD (MTL.CA) Forecast, Price Target & Analyst Ratings
TSX:MTL • CA6252841045
16.67 CAD
-0.38 (-2.23%)
Last: Mar 6, 2026, 07:00 PM
View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for MULLEN GROUP LTD (MTL.CA).
Forecast Snapshot
Consensus Price Target
CA$18.90
+ 13.35% Upside
Next Earnings Forecast
Release DateApr 21, 2026
PeriodQ1 / 2026
EPS EstimateCA$0.20
Revenue Estimate552.93M
ChartMill Buy Consensus
75.38%
Weighted Analyst Rating Score
Price Target Details & History
Consensus Price Target and Range
Mean target
CA$18.90
Upside
+ 13.35%
From current price of CA$16.67 to mean target of CA$18.90, Based on 13 analyst forecasts
Low
CA$15.15
Median
CA$19.13
High
CA$22.05
Price Target Revisions
1 Month
2.35%
3 Months
10.93%
Price Target Summary
13 analysts have analysed MTL.CA and the average price target is 18.9 CAD. This implies a price increase of 13.35% is expected in the next year compared to the current price of 16.67.
The average price target has been revised upward by 10.93% in the past 3 months.
Analyst Ratings & History
Current Analyst Ratings
Analyst Ratings History
Analyst Ratings Consensus
ChartMill Buy Consensus
75.38%
MTL.CA was analyzed by 13 analysts. The buy percentage consensus is at 75. So analysts seem to be have mildly positive about MTL.CA.
In the previous month the buy percentage consensus was at a similar level.
MTL.CA was analyzed by 13 analysts, which is quite many. So the average rating should be quite meaningful.
Recent Upgrades & Downgrades
| Date | Firm | Action | From → To |
|---|---|---|---|
| 2025-12-12 | Desjardins Securities | Maintains | Buy -> Buy |
| 2025-01-06 | TD Cowen | Maintains | Buy -> Buy |
| 2022-12-13 | CIBC Capital Markets | Maintains | Neutral |
| 2022-12-13 | STA Research | Maintains | Hold |
| 2022-10-21 | RBC Royalbank | Downgrade | Sector Perform |
| 2022-10-21 | BMO Financial | Downgrade | |
| 2022-10-21 | Scotiabank Capital | Maintains | Outperform |
| 2022-10-20 | CIBC Capital Markets | Maintains | Neutral |
| 2022-10-07 | CIBC Capital Markets | Downgrade | Neutral |
| 2022-07-22 | Raymond James Capital | Upgrade | Strong-Buy |
| 2022-07-22 | RBC Royalbank | Upgrade | Outperform |
| 2022-07-22 | National Bank of Canada Financial | Upgrade | |
| 2022-07-22 | BMO Financial | Upgrade | |
| 2022-07-22 | TD Research | Upgrade | Buy |
| 2022-07-22 | CIBC Capital Markets | Upgrade | Outperform |
| 2022-07-22 | Scotiabank Capital | Maintains | Outperform |
| 2022-07-22 | Haywood Securities | Upgrade | Buy |
| 2022-07-22 | Credit Suisse | Upgrade | Strong Buy |
| 2022-07-21 | STA Research | Downgrade | Hold |
| 2022-05-04 | Raymond James Capital | Initiate | Outperform |
| 2022-05-04 | Scotiabank Capital | Maintains | Outperform |
| 2022-04-22 | RBC Royalbank | Upgrade | Outperform |
| 2022-04-22 | TD Research | Downgrade | Buy |
| 2022-04-22 | CIBC Capital Markets | Upgrade | Neutral |
| 2022-04-22 | Cormark Securities | Upgrade | Buy |
Next Earnings Forecast Details
Next Earnings Details
Release DateApr 21, 2026
PeriodQ1 / 2026
EPS EstimateCA$0.20
Revenue Estimate552.93M
Revenue Q2Q11.23%
EPS Q2Q-0.68%
Number of Analysts8
Next Earnings Revisions
Revenue (1 Month)
-1.38%
Revenue (3 Months)
-1.38%
EPS (1 Month)
-14.49%
EPS (3 Months)
-14.49%
Next Earnings Summary
MTL.CA is expected to report earnings on 4/21/2026. The consensus EPS estimate for the next earnings is 0.2 CAD and the consensus revenue estimate is 552.93M CAD.
The next earnings revenue estimate has been revised downward by 1.38% in the past 3 months.
Full Analyst Estimates
Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates
| 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | ||
|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY % growth | 1.995B -0.24% | 1.989B -0.27% | 2.134B 7.26% | 2.302B 7.89% | 2.358B 2.43% | 2.295B -2.67% | 2.278B -0.74% | 2.317B 1.71% | |
| EBITDA YoY % growth | 328.962M 0.64% | 322.177M -2.06% | 324.613M 0.76% | 364.01M 12.14% | 378.03M 3.85% | 374.69M -0.88% | 383.47M 2.34% | 390.57M 1.85% | |
| EBIT YoY % growth | 213.073M -0.60% | 191.274M -10.23% | 178.245M -6.81% | 210.9M 18.32% | 223.48M 5.96% | 228.26M 2.14% | 232.31M 1.77% | 235.36M 1.31% | |
| Operating Margin | 10.68% | 9.62% | 8.35% | 9.16% | 9.48% | 9.95% | 10.20% | 10.16% | |
| EPS YoY % growth | 1.46 -9.32% | 1.24 -15.07% | 1.00 -19.35% | 1.22 22.21% | 1.35 10.85% | 1.16 -14.26% | 1.42 22.29% | N/A |
All data in CAD
Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates
| Q1 / 26 | Q2 / 26 | Q3 / 26 | Q4 / 26 | Q1 / 27 | Q2 / 27 | Q3 / 27 | Q4 / 27 | |
|---|---|---|---|---|---|---|---|---|
| EPS Q2Q % growth | 0.20 -0.68% | 0.33 17.59% | 0.38 5.68% | 0.30 89.38% | 0.26 32.20% | 0.33 1.23% | 0.42 9.73% | 0.36 17.78% |
| Revenue Q2Q % growth | 552.93M 11.23% | 582.88M 7.76% | 571.56M 1.74% | 547.22M 2.51% | 564.59M 2.11% | 566.61M -2.79% | 575.7M 0.72% | 551.16M 0.72% |
| EBITDA Q2Q % growth | 76.891M 12.96% | 94.805M -21.02% | 97.364M -40.91% | 90.883M -50.40% | 86.712M 12.77% | 95.489M 0.72% | 99.502M 2.20% | 93.674M 3.07% |
| EBIT Q2Q % growth | 39.693M 16.93% | 55.954M 10.95% | 58.58M 2.75% | 54.136M 46.89% | 53.732M 35.37% | 58.984M 5.42% | 62.822M 7.24% | 57.974M 7.09% |
All data in CAD
Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data
Long Term Forward Growth Forecast Summary
Long Term EPS Growth (CAGR)
EPS Next 3 Year
5.12%
EPS Next 5 Year
9.17%
Long Term Revenue Growth (CAGR)
Revenue Next 3 Year
2.09%
Revenue Next 5 Year
1.44%
Long Term EBIT Growth (CAGR)
EBIT Next 3 Year
26.67%
EBIT Next 5 Year
16.20%
MULLEN GROUP LTD / MTL.CA Forecast FAQ
Can you provide the average price target for MULLEN GROUP LTD stock?
13 analysts have analysed MTL.CA and the average price target is 18.9 CAD. This implies a price increase of 13.35% is expected in the next year compared to the current price of 16.67.
What is the next earnings date for MTL stock?
MULLEN GROUP LTD (MTL.CA) will report earnings on 2026-04-21.
Can you provide the consensus estimates for MULLEN GROUP LTD next earnings?
The consensus EPS estimate for the next earnings of MULLEN GROUP LTD (MTL.CA) is 0.2 CAD and the consensus revenue estimate is 552.93M CAD.
How many analysts have analysed MULLEN GROUP LTD (MTL.CA)?
The number of analysts covering MULLEN GROUP LTD (MTL.CA) is 13.