Mullen Group Ltd. (OTCMKTS:MLLGF) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Mullen Group Ltd. (OTCMKTS:MLLGF) have received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

A number of research firms have weighed in on MLLGF. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Mullen Group in a research report on Thursday, January 8th. Scotiabank restated a “sector perform” rating on shares of Mullen Group in a research report on Wednesday, January 21st.

Mullen Group Stock Performance

MLLGF opened at $13.34 on Thursday. Mullen Group has a 1-year low of $8.50 and a 1-year high of $13.38. The business has a 50 day moving average price of $12.45 and a two-hundred day moving average price of $11.55.

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.