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

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

Several analysts recently commented on MLLGF shares. TD Securities reiterated a “buy” rating on shares of Mullen Group in a research report on Friday, April 24th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Mullen Group in a report on Friday. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Mullen Group in a research note on Friday. Scotiabank reaffirmed a “sector perform” rating on shares of Mullen Group in a research note on Thursday, July 16th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Mullen Group in a research report on Friday.

Mullen Group Price Performance

Shares of Mullen Group stock opened at $19.92 on Friday. The business has a 50 day simple moving average of $16.31 and a two-hundred day simple moving average of $14.06. Mullen Group has a 12 month low of $8.50 and a 12 month high of $20.35.

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.