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

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

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

Mullen Group Stock Down 2.9%

MLLGF opened at $12.22 on Wednesday. The company has a fifty day moving average price of $12.14 and a two-hundred day moving average price of $10.93. Mullen Group has a 1-year low of $8.50 and a 1-year high of $12.99.

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.