Mullen Group Ltd. (OTCMKTS:MLLGF) Stock Rated “Moderate Buy” by Wall Street Brokerages

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

Several research analysts have recently commented on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Mullen Group in a report on Friday, July 24th. Scotiabank reissued 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 report on Wednesday, September 30th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Mullen Group in a report on Monday, October 5th.

Mullen Group Price Performance

OTCMKTS MLLGF opened at $19.66 on Thursday. The stock’s fifty day moving average is $18.72 and its two-hundred day moving average is $16.72. Mullen Group has a fifty-two week low of $9.47 and a fifty-two week high of $20.35.

About Mullen Group

Mullen Group Ltd. is a Canadian logistics and transportation company headquartered in Okotoks, Alberta. Through a network of operating companies, it provides freight transportation, specialized hauling, logistics, warehousing and related supply-chain services to customers across Canada and the United States.

The company’s transportation activities include less-than-truckload, truckload and specialized freight services, including the movement of industrial, energy, construction and other oversized or specialized cargo.