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

Shares of Mullen Group Ltd. (OTCMKTS:MLLGF) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.

A number of research analysts recently weighed in on the stock. CIBC restated a “neutral” rating on shares of Mullen Group in a report on Thursday, January 8th. Scotiabank reiterated a “sector perform” rating on shares of Mullen Group in a research report on Wednesday, January 21st. TD Securities restated a “buy” rating on shares of Mullen Group in a research report on Thursday, October 23rd. Raymond James Financial cut shares of Mullen Group from an “outperform” rating to a “market perform” rating in a research note on Monday, December 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Mullen Group in a report on Thursday, October 23rd.

Mullen Group Stock Performance

OTCMKTS:MLLGF 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 stock’s fifty day moving average is $11.48 and its two-hundred day moving average is $10.48.

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.