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

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

Several analysts have issued reports on the stock. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Mullen Group in a research report on Friday, July 24th. BMO Capital Markets reissued an “outperform” rating on shares of Mullen Group in a report on Friday, July 24th. Scotiabank restated a “sector perform” rating on shares of Mullen Group in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Mullen Group in a research note on Friday, July 24th.

Mullen Group Stock Performance

MLLGF stock opened at $18.58 on Friday. Mullen Group has a 1-year low of $9.47 and a 1-year high of $20.35. The business has a 50-day moving average price of $18.34 and a 200 day moving average price of $15.62.

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.