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

Mullen Group Ltd. (OTCMKTS:MLLGF) has received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company.

Several equities research analysts have recently weighed in on MLLGF shares. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Mullen Group in a research report on Thursday, January 8th. Scotiabank restated a “sector perform” rating on shares of Mullen Group in a research report on Wednesday, January 21st.

Mullen Group Stock Performance

Shares of MLLGF stock opened at $13.32 on Thursday. Mullen Group has a 52-week low of $8.50 and a 52-week high of $13.35. The firm has a fifty day moving average of $12.43 and a 200-day moving average of $11.48.

Mullen Group Company Profile

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.