Mullen Group Ltd. (OTCMKTS:MLLGF) Given Average Recommendation of “Moderate Buy” by Analysts

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

MLLGF has been the topic of several recent research reports. Raymond James Financial downgraded Mullen Group from an “outperform” rating to a “market perform” rating in a report on Monday, December 8th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Mullen Group in a research report on Thursday, January 8th. Finally, Scotiabank reissued a “sector perform” rating on shares of Mullen Group in a report on Wednesday, January 21st.

Mullen Group Price Performance

Shares of OTCMKTS MLLGF opened at $12.73 on Wednesday. The firm’s 50-day moving average price is $12.12 and its two-hundred day moving average price is $10.87. Mullen Group has a 52-week low of $8.50 and a 52-week high of $12.99.

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.