Raymond James Downgrades Mullen Group (OTCMKTS:MLLGF) to Market Perform


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Mullen Group (OTCMKTS:MLLGF) was downgraded by equities researchers at Raymond James from an “outperform” rating to a “market perform” rating in a note issued to investors on Friday, The Fly reports.

Several other research analysts have also weighed in on MLLGF. Scotiabank lifted their price objective on shares of Mullen Group from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Thursday, January 14th. BMO Capital Markets reduced their price objective on shares of Mullen Group from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday, February 12th. TD Securities lifted their price objective on shares of Mullen Group from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, March 9th. Finally, National Bank Financial reissued an “outperform” rating on shares of Mullen Group in a research note on Monday, January 18th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $12.93.

Shares of OTCMKTS:MLLGF opened at $9.80 on Friday. Mullen Group has a one year low of $3.07 and a one year high of $10.09. The company has a 50 day moving average of $9.04 and a 200-day moving average of $8.19.

About Mullen Group

Mullen Group Ltd. provides trucking and logistics services in Canada and the United States. The company operates through three segments: Less-Than-Truckload, Logistics & Warehousing, and Specialized & Industrial Services. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products.

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Analyst Recommendations for Mullen Group (OTCMKTS:MLLGF)

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