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

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

Several equities analysts have weighed in on the company. TD Securities restated a “buy” rating on shares of Mullen Group in a report on Thursday, October 23rd. Raymond James Financial cut shares of Mullen Group from an “outperform” rating to a “market perform” rating in a research note on Monday, December 8th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Mullen Group in a research note on Thursday, October 23rd. Finally, CIBC reiterated a “neutral” rating on shares of Mullen Group in a research note on Thursday.

Mullen Group Trading Down 0.4%

Shares of OTCMKTS:MLLGF opened at $11.59 on Tuesday. Mullen Group has a 1 year low of $8.50 and a 1 year high of $11.81. The business has a fifty day simple moving average of $10.85 and a 200 day simple moving average of $10.30.

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.