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

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

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

Mullen Group Stock Performance

Shares of OTCMKTS:MLLGF opened at $18.48 on Wednesday. Mullen Group has a 1 year low of $9.47 and a 1 year high of $20.35. The business has a fifty day simple moving average of $17.63 and a 200 day simple moving average of $15.13.

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.