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

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

Several brokerages have issued reports on MLLGF. Raymond James Financial cut shares of Mullen Group from an “outperform” rating to a “market perform” rating in a research note on Monday, December 8th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Mullen Group in a research report on Thursday, January 8th. Finally, Scotiabank reissued a “sector perform” rating on shares of Mullen Group in a research note on Wednesday, January 21st.

Mullen Group Trading Down 2.4%

Shares of MLLGF opened at $11.72 on Friday. The stock has a 50 day moving average price of $12.25 and a 200 day moving average price of $11.11. Mullen Group has a one year low of $8.50 and a one year high of $12.99.

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.