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

Mullen Group Ltd. (OTCMKTS:MLLGF – Get Free Report) has received an average rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

A number of brokerages have issued reports on MLLGF. TD Securities reiterated a “buy” rating on shares of Mullen Group in a report on Friday, April 24th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Mullen Group in a research note on Friday, April 24th. BMO Capital Markets restated an “outperform” rating on shares of Mullen Group in a report on Friday, April 24th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Mullen Group in a report on Friday, April 24th.

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Mullen Group Trading Down 3.0%

Shares of OTCMKTS MLLGF opened at $16.20 on Friday. The firm’s fifty day moving average is $14.76 and its two-hundred day moving average is $12.88. Mullen Group has a 52-week low of $8.50 and a 52-week high of $16.79.

Mullen Group Company Profile

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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.

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