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

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

MLLGF has been the subject of a number of recent analyst reports. Scotiabank restated a “sector perform” rating on shares of Mullen Group in a research report on Wednesday, January 21st. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Mullen Group in a research report on Friday, April 24th. Royal Bank Of Canada restated an “outperform” rating on shares of Mullen Group in a research report on Friday, April 24th. TD Securities restated a “buy” rating on shares of Mullen Group in a research report on Friday, April 24th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Mullen Group in a research report on Friday, April 24th.

Mullen Group Stock Performance

Shares of OTCMKTS:MLLGF opened at $15.70 on Monday. Mullen Group has a 52 week low of $8.50 and a 52 week high of $15.84. The company has a 50-day moving average price of $13.28 and a 200 day moving average price of $12.07.

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.