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

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

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

Mullen Group Stock Performance

OTCMKTS:MLLGF opened at $19.10 on Wednesday. Mullen Group has a 52 week low of $9.47 and a 52 week high of $20.35. The stock’s 50-day moving average price is $17.38 and its 200-day moving average price is $14.90.

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.