Mullen Group Ltd. (OTCMKTS:MLLGF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Mullen Group Ltd. (OTCMKTS:MLLGF – Get Free Report) have received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.

Several research analysts have commented on the company. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Mullen Group in a report on Tuesday, June 30th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Mullen Group in a research note on Friday, April 24th. TD Securities reiterated a “buy” rating on shares of Mullen Group in a report on Friday, April 24th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Mullen Group in a report on Friday, April 24th.

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Mullen Group Price Performance

Shares of OTCMKTS:MLLGF traded up $0.18 during mid-day trading on Tuesday, reaching $15.30. 200 shares of the company’s stock were exchanged, compared to its average volume of 19,998. Mullen Group has a twelve month low of $8.50 and a twelve month high of $16.79. The business’s fifty day moving average price is $15.63 and its 200-day moving average price is $13.45.

About Mullen Group

(Get Free Report)

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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