Mullen Group Ltd. (OTCMKTS:MLLGF) Given Average Recommendation of “Moderate Buy” by Brokerages

Mullen Group Ltd. (OTCMKTS:MLLGF) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.

A number of research firms have weighed in on MLLGF. Royal Bank Of Canada restated an “outperform” rating on shares of Mullen Group in a research note on Friday, April 24th. TD Securities reiterated a “buy” rating on shares of Mullen Group in a research report on Friday, April 24th. Scotiabank reiterated a “sector perform” rating on shares of Mullen Group in a research report on Wednesday, January 21st. BMO Capital Markets reiterated an “outperform” rating on shares of Mullen Group in a research report on Friday, April 24th. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Mullen Group in a research report on Friday, April 24th.

Mullen Group Stock Performance

Mullen Group stock opened at $15.70 on Monday. Mullen Group has a 1-year low of $8.50 and a 1-year high of $15.84. The stock’s fifty day moving average is $13.28 and its two-hundred day moving average is $12.09.

About Mullen Group

Mullen Group Ltd. is a diversified transportation and logistics company headquartered in Okotoks, Alberta. Founded in 1949 as a regional trucking firm, the company has grown through a combination of organic expansion and targeted acquisitions to become one of Canada’s leading asset-based carriers. Mullen Group provides full-service solutions across a range of industries, with a focus on temperature-controlled freight, bulk and specialized haulage, and dedicated contract carriage.

The company operates through several complementary business segments, including truckload and less-than-truckload (LTL) services, logistics and warehousing, courier and parcel delivery, and international freight forwarding.