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

Mullen Group Ltd. (OTCMKTS:MLLGF) has been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company.

Several brokerages recently issued reports on MLLGF. Scotiabank reaffirmed a “sector perform” rating on shares of Mullen Group in a research report on Wednesday, January 21st. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Mullen Group in a report on Thursday, January 8th. Finally, Raymond James Financial lowered Mullen Group from an “outperform” rating to a “market perform” rating in a research note on Monday, December 8th.

Mullen Group Stock Performance

Shares of MLLGF opened at $12.41 on Friday. Mullen Group has a 12 month low of $8.50 and a 12 month high of $12.99. The stock has a fifty day moving average price of $12.28 and a 200-day moving average price of $11.17.

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.