Mullen Group Ltd. (OTCMKTS:MLLGF) Stock Has Average Price Target of $33.00 According to Brokerages

Shares of Mullen Group Ltd. (OTCMKTS:MLLGF) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $33.00.

Several analysts recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating on shares of Mullen Group in a report on Friday, October 23rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Mullen Group in a research report on Friday, October 23rd. Scotiabank set a $33.00 price target on Mullen Group in a report on Friday, October 23rd. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Mullen Group in a research report on Monday, October 5th.

Mullen Group Stock Down 0.6%

OTCMKTS MLLGF opened at $20.12 on Monday. Mullen Group has a 52 week low of $9.47 and a 52 week high of $22.26. The stock’s 50-day moving average price is $19.29 and its 200-day moving average price is $16.06.

About Mullen Group

Mullen Group Ltd. is a Canadian transportation and logistics company headquartered in Alberta. Through a network of independently operated businesses, the company provides a range of freight and supply-chain services, including less-than-truckload transportation, specialized hauling, logistics, warehousing and distribution.

The company also serves industrial and energy-related customers with services such as equipment transportation, fluid hauling, environmental support and other specialized trucking solutions.