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

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

A number of research firms have commented on MLLGF. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Mullen Group in a report on Friday, July 24th. BMO Capital Markets reiterated an “outperform” rating on shares of Mullen Group in a research report on Friday, July 24th. Scotiabank restated a “sector perform” rating on shares of Mullen Group in a report on Thursday, July 16th. TD Securities reissued a “buy” rating on shares of Mullen Group in a research report on Friday, April 24th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Mullen Group in a report on Friday, July 24th.

Mullen Group Stock Down 1.4%

Shares of MLLGF opened at $19.10 on Wednesday. Mullen Group has a 52-week low of $9.47 and a 52-week high of $20.35. The firm’s fifty day moving average is $17.38 and its two-hundred day moving average is $14.90.

About Mullen Group

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.