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

Mullen Group Ltd. (OTCMKTS:MLLGF) has received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company.

A number of research analysts have commented on the stock. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Mullen Group in a research report on Friday, April 24th. TD Securities reiterated a “buy” rating on shares of Mullen Group in a research report on Friday, April 24th. BMO Capital Markets reiterated an “outperform” rating on shares of Mullen Group in a research report on Friday, April 24th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Mullen Group in a research report on Friday, April 24th.

Mullen Group Trading Up 0.9%

Shares of OTCMKTS MLLGF opened at $16.16 on Friday. Mullen Group has a one year low of $8.50 and a one year high of $16.25. The firm’s 50 day simple moving average is $14.33 and its two-hundred day simple moving average is $12.66.

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.