Mullen Group Ltd. (OTCMKTS:MLLGF) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of Mullen Group Ltd. (OTCMKTS:MLLGF) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

Several equities analysts have recently issued reports on MLLGF shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Mullen Group in a report on Wednesday, September 30th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Mullen Group in a report on Monday, October 5th. BMO Capital Markets reiterated an “outperform” rating on shares of Mullen Group in a research report on Friday, July 24th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Mullen Group in a research report on Thursday, July 16th.

Mullen Group Price Performance

MLLGF opened at $19.28 on Thursday. The company has a 50-day moving average of $18.70 and a 200-day moving average of $16.62. Mullen Group has a 1-year low of $9.47 and a 1-year high of $20.35.

About Mullen Group

Mullen Group Ltd. is a Canadian logistics and transportation company headquartered in Okotoks, Alberta. Through a network of operating companies, it provides freight transportation, specialized hauling, logistics, warehousing and related supply-chain services to customers across Canada and the United States.

The company’s transportation activities include less-than-truckload, truckload and specialized freight services, including the movement of industrial, energy, construction and other oversized or specialized cargo.