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

Mullen Group Ltd. (OTCMKTS:MLLGF) has been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

Several research analysts recently commented on MLLGF shares. CIBC reaffirmed a “neutral” rating on shares of Mullen Group in a research note on Thursday, January 8th. Royal Bank Of Canada restated an “outperform” rating on shares of Mullen Group in a research note on Thursday, October 23rd. Raymond James Financial lowered shares of Mullen Group from an “outperform” rating to a “market perform” rating in a research report on Monday, December 8th. TD Securities reiterated a “buy” rating on shares of Mullen Group in a report on Thursday, October 23rd. Finally, Scotiabank reissued a “sector perform” rating on shares of Mullen Group in a research note on Wednesday, January 21st.

Mullen Group Trading Up 1.6%

MLLGF stock opened at $12.07 on Friday. Mullen Group has a twelve month low of $8.50 and a twelve month high of $12.23. The business’s fifty day simple moving average is $11.52 and its two-hundred day simple moving average is $10.50.

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.