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

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

A number of equities research analysts recently commented on the stock. BMO Capital Markets restated an “outperform” rating on shares of Mullen Group in a report on Friday, April 24th. Royal Bank Of Canada restated an “outperform” rating on shares of Mullen Group in a report on Friday, April 24th. TD Securities restated a “buy” rating on shares of Mullen Group in a report on Friday, April 24th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Mullen Group in a report on Friday, April 24th.

Mullen Group Stock Performance

Shares of OTCMKTS:MLLGF opened at $15.02 on Tuesday. Mullen Group has a 12 month low of $8.50 and a 12 month high of $16.79. The company’s fifty day simple moving average is $15.48 and its 200 day simple moving average is $13.32.

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.