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

Mullen Group Ltd. (OTCMKTS:MLLGF) has been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company.

MLLGF has been the topic of a number of recent analyst reports. Scotiabank restated a “sector perform” rating on shares of Mullen Group in a research report on Wednesday, January 21st. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Mullen Group in a report on Thursday, January 8th.

Mullen Group Stock Up 0.4%

MLLGF stock opened at $13.37 on Thursday. The company has a 50-day simple moving average of $12.44 and a 200 day simple moving average of $11.51. Mullen Group has a fifty-two week low of $8.50 and a fifty-two week high of $13.37.

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.