Royal Bank of Canada Raises Mullen Group (OTCMKTS:MLLGF) Price Target to C$15.00

Mullen Group (OTCMKTS:MLLGF – Get Rating) had its price target lifted by stock analysts at Royal Bank of Canada from C$14.00 to C$15.00 in a research report issued to clients and investors on Friday, The Fly reports.

Separately, Scotiabank raised their target price on Mullen Group from C$15.50 to C$16.00 in a research report on Friday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Mullen Group has an average rating of “Buy” and an average target price of $16.00.

Shares of MLLGF traded up $0.51 during trading hours on Friday, hitting $10.76. 8,900 shares of the company were exchanged, compared to its average volume of 1,521. The firm has a fifty day simple moving average of $10.07 and a 200-day simple moving average of $9.84. Mullen Group has a one year low of $8.77 and a one year high of $11.56.

Mullen Group Company Profile (Get Rating)

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The company operates in four segments: Less-Than-Truckload, Logistics & Warehousing, Specialized & Industrial Services, and U.S. & International Logistics. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products.

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