Mullen Group Ltd. (OTCMKTS:MLLGF) Stock Has Average Price Target of $33.00 According to Brokerages

Shares of Mullen Group Ltd. (OTCMKTS:MLLGF) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently 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. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $33.00.

MLLGF has been the topic of several research analyst reports. Scotiabank set a $33.00 price objective on Mullen Group in a research note on Friday, October 23rd. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Mullen Group in a report on Monday, October 5th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Mullen Group in a research report on Friday, October 23rd. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Mullen Group in a research note on Friday, October 23rd.

Mullen Group Price Performance

MLLGF stock opened at $21.24 on Monday. The stock has a 50-day moving average price of $19.22 and a two-hundred day moving average price of $15.98. Mullen Group has a 12-month low of $9.47 and a 12-month high of $22.26.

About Mullen Group

Mullen Group Ltd. is a Canadian transportation and logistics company headquartered in Alberta. Through a network of independently operated businesses, the company provides a range of freight and supply-chain services, including less-than-truckload transportation, specialized hauling, logistics, warehousing and distribution.

The company also serves industrial and energy-related customers with services such as equipment transportation, fluid hauling, environmental support and other specialized trucking solutions.