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

Mullen Group Ltd. (OTCMKTS:MLLGF) has received an average 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 rating and three have issued a buy rating on the company.

A number of research firms have weighed in on MLLGF. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Mullen Group in a research report on Thursday, January 8th. Scotiabank reissued a “sector perform” rating on shares of Mullen Group in a report on Wednesday, January 21st. Finally, Raymond James Financial downgraded Mullen Group from an “outperform” rating to a “market perform” rating in a research report on Monday, December 8th.

Mullen Group Stock Performance

Mullen Group stock opened at $12.73 on Wednesday. The firm’s fifty day moving average price is $12.12 and its 200-day moving average price is $10.89. Mullen Group has a fifty-two week low of $8.50 and a fifty-two week 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.