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

by · The Markets Daily

Shares of Mullen Group Ltd. (OTCMKTS:MLLGF – Get Free Report) have been given an average rating of “Moderate Buy” by the six analysts that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

Several research analysts have weighed in on MLLGF shares. Scotiabank reaffirmed a “sector perform” rating on shares of Mullen Group in a research report on Thursday, July 16th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Mullen Group in a research note on Friday, July 24th. Royal Bank Of Canada restated an “outperform” rating on shares of Mullen Group in a report on Friday, July 24th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Mullen Group in a research report on Friday, July 24th.

Get Our Latest Stock Analysis on MLLGF

Mullen Group Stock Performance

Shares of OTCMKTS:MLLGF opened at $18.48 on Wednesday. Mullen Group has a 1 year low of $9.47 and a 1 year high of $20.35. The business has a fifty day simple moving average of $17.63 and a 200 day simple moving average of $15.13.

Mullen Group Company Profile

(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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