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

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

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

Mullen Group Price Performance

Shares of MLLGF opened at $18.17 on Friday. Mullen Group has a 12-month low of $9.47 and a 12-month high of $20.35. The firm has a 50-day moving average price of $18.64 and a 200 day moving average price of $15.82.

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.