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

Mullen Group Ltd. (OTCMKTS:MLLGF) has been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company.

Several brokerages recently commented on MLLGF. TD Securities reissued a “buy” rating on shares of Mullen Group in a report on Friday, April 24th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Mullen Group in a report on Friday, April 24th. Royal Bank Of Canada reissued an “outperform” rating on shares of Mullen Group in a report on Friday, April 24th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Mullen Group in a report on Friday, April 24th.

Mullen Group Stock Down 0.6%

OTCMKTS:MLLGF opened at $16.70 on Friday. The company has a 50 day moving average price of $14.59 and a 200-day moving average price of $12.79. Mullen Group has a 1-year low of $8.50 and a 1-year high of $16.79.

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.