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

Shares of Mullen Group Ltd. (OTCMKTS:MLLGF) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company.

MLLGF has been the topic of a number of research reports. BMO Capital Markets restated an “outperform” rating on shares of Mullen Group in a research report on Friday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Mullen Group in a research report on Friday. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Mullen Group in a report on Friday. Scotiabank reaffirmed a “sector perform” rating on shares of Mullen Group in a research note on Thursday, July 16th. Finally, TD Securities reaffirmed a “buy” rating on shares of Mullen Group in a report on Friday, April 24th.

Mullen Group Stock Up 5.9%

Shares of OTCMKTS MLLGF opened at $20.31 on Friday. Mullen Group has a 1-year low of $8.50 and a 1-year high of $20.35. The company has a 50-day moving average of $16.22 and a two-hundred day moving average of $13.99.

Mullen Group Company Profile

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.