Mullen Group Ltd. (OTCMKTS:MLLGF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

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

MLLGF has been the topic of several analyst reports. Scotiabank reiterated a “sector perform” rating on shares of Mullen Group in a research note on Wednesday, January 21st. CIBC restated a “neutral” rating on shares of Mullen Group in a research report on Thursday, January 8th. TD Securities reaffirmed a “buy” rating on shares of Mullen Group in a research note on Thursday, October 23rd. Royal Bank Of Canada reissued an “outperform” rating on shares of Mullen Group in a research note on Thursday, October 23rd. Finally, Raymond James Financial downgraded Mullen Group from an “outperform” rating to a “market perform” rating in a research note on Monday, December 8th.

Mullen Group Price Performance

Shares of MLLGF stock opened at $11.88 on Friday. Mullen Group has a 52-week low of $8.50 and a 52-week high of $12.23. The company’s 50 day moving average is $11.48 and its 200 day moving average is $10.48.

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.