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

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

MLLGF has been the subject of a number of recent research reports. BMO Capital Markets reiterated an “outperform” rating on shares of Mullen Group in a report on Friday, July 24th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Mullen Group in a research report on Friday, July 24th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Mullen Group in a report on Friday, July 24th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Mullen Group in a research note on Thursday, July 16th.

Mullen Group Price Performance

Shares of OTCMKTS MLLGF opened at $18.58 on Friday. Mullen Group has a 52 week low of $9.47 and a 52 week high of $20.35. The business has a 50 day simple moving average of $18.34 and a 200 day simple moving average of $15.62.

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.