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

Shares of Mullen Group Ltd. (OTCMKTS:MLLGF) have received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

Several analysts have commented on MLLGF shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Mullen Group in a research report on Thursday. TD Securities reaffirmed a “buy” rating on shares of Mullen Group in a report on Thursday. Scotiabank downgraded shares of Mullen Group from an “outperform” rating to a “sector perform” rating in a report on Thursday, July 10th. Finally, CIBC downgraded shares of Mullen Group from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 8th.

Mullen Group Price Performance

MLLGF stock opened at $10.17 on Thursday. Mullen Group has a 12 month low of $8.50 and a 12 month high of $11.25. The firm has a 50 day moving average of $10.02 and a two-hundred day moving average of $9.92.

Mullen Group Company Profile

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.