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

Shares of Mullen Group Ltd. (OTCMKTS:MLLGF) have received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company.

MLLGF has been the topic of several recent research reports. 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. Scotiabank restated a “sector perform” rating on shares of Mullen Group in a research note on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Mullen Group in a research note on Thursday, January 8th.

Mullen Group Stock Performance

Shares of OTCMKTS MLLGF opened at $12.42 on Wednesday. Mullen Group has a one year low of $8.50 and a one year high of $12.99. The business’s 50-day moving average price is $12.05 and its two-hundred day moving average price is $10.83.

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.