Mullen Group Ltd. (OTCMKTS:MLLGF) Given Consensus Rating of “Moderate Buy” by Brokerages

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

A number of research firms recently issued reports on MLLGF. Raymond James Financial downgraded shares of Mullen Group from an “outperform” rating to a “market perform” rating in a research report on Monday, December 8th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Mullen Group in a report on Thursday, January 8th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Mullen Group in a research note on Wednesday, January 21st.

Mullen Group Stock Performance

Shares of Mullen Group stock opened at $12.18 on Friday. Mullen Group has a one year low of $8.50 and a one year high of $12.99. The stock’s 50-day moving average is $12.26 and its 200 day moving average is $11.15.

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.