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

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

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

Mullen Group Stock Down 2.3%

Shares of MLLGF stock opened at $15.02 on Tuesday. Mullen Group has a 52-week low of $8.50 and a 52-week high of $16.79. The firm’s 50 day moving average price is $15.48 and its two-hundred day moving average price is $13.32.

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.