Mullen Group (OTCMKTS:MLLGF) Stock Rating Upgraded by Scotiabank

Scotiabank upgraded shares of Mullen Group (OTCMKTS:MLLGF – Get Rating) from a sector perform rating to an outperform rating in a research note released on Tuesday, The Fly reports. They currently have C$17.50 price objective on the stock, up from their previous price objective of C$16.00.

MLLGF has been the topic of several other reports. BMO Capital Markets downgraded shares of Mullen Group from an outperform rating to a market perform rating in a report on Monday, January 16th. TD Securities downgraded shares of Mullen Group from a buy rating to a hold rating in a research note on Wednesday, December 21st. CIBC raised their target price on shares of Mullen Group from C$15.00 to C$15.50 in a research note on Wednesday, December 14th. Raymond James reduced their price target on shares of Mullen Group from C$18.00 to C$17.00 in a research report on Tuesday, January 17th. Finally, Royal Bank of Canada cut shares of Mullen Group from an outperform rating to a sector perform rating in a research report on Friday, October 21st. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $17.00.

Mullen Group Trading Up 2.5 %

OTCMKTS MLLGF opened at $10.36 on Tuesday. The company has a fifty day moving average price of $11.00 and a 200-day moving average price of $10.72. Mullen Group has a 1 year low of $8.39 and a 1 year high of $11.90.

Mullen Group Company Profile

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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.