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

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

Several analysts have recently weighed in on the stock. Scotiabank reiterated a “sector perform” rating on shares of Mullen Group in a research report on Thursday, July 16th. Royal Bank Of Canada reissued an “outperform” rating on shares of Mullen Group in a research report on Friday. BMO Capital Markets restated an “outperform” rating on shares of Mullen Group in a research note on Friday. TD Securities reaffirmed a “buy” rating on shares of Mullen Group in a report on Friday, April 24th. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Mullen Group in a research note on Friday.

Mullen Group Price Performance

Shares of Mullen Group stock opened at $20.31 on Friday. Mullen Group has a 52-week low of $8.50 and a 52-week high of $20.35. The company’s fifty day moving average price is $16.22 and its two-hundred day moving average price is $13.99.

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.