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

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

A number of analysts recently commented on the company. TD Securities reiterated a “buy” rating on shares of Mullen Group in a report on Friday, April 24th. Scotiabank restated a “sector perform” rating on shares of Mullen Group in a research note on Thursday, July 16th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Mullen Group in a report on Friday, July 24th. BMO Capital Markets reiterated an “outperform” rating on shares of Mullen Group in a research report on Friday, July 24th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Mullen Group in a research note on Friday, July 24th.

Mullen Group Trading Down 0.3%

MLLGF stock opened at $19.72 on Friday. The business has a 50-day simple moving average of $16.62 and a two-hundred day simple moving average of $14.28. Mullen Group has a 52-week low of $8.50 and a 52-week high of $20.35.

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.