Mullen Group Ltd. (OTCMKTS:MLLGF) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Mullen Group Ltd. (OTCMKTS:MLLGF) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com 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 subject of several research reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Mullen Group in a report on Thursday, October 23rd. Scotiabank reissued a “sector perform” rating on shares of Mullen Group in a research note on Wednesday, January 21st. CIBC restated a “neutral” rating on shares of Mullen Group in a report on Thursday, January 8th. TD Securities reaffirmed a “buy” rating on shares of Mullen Group in a report on Thursday, October 23rd. Finally, Raymond James Financial downgraded Mullen Group from an “outperform” rating to a “market perform” rating in a research report on Monday, December 8th.

Mullen Group Stock Performance

Shares of OTCMKTS:MLLGF opened at $12.59 on Friday. The firm has a fifty day moving average price of $11.61 and a 200 day moving average price of $10.53. Mullen Group has a fifty-two week low of $8.50 and a fifty-two week high of $12.59.

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.