Mullen Group Ltd. (OTCMKTS:MLLGF) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Shares of Mullen Group Ltd. (OTCMKTS:MLLGF) have been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $33.00.

A number of research analysts recently commented on the company. Scotiabank set a $33.00 price objective on Mullen Group in a report on Friday, October 23rd. BMO Capital Markets reissued an “outperform” rating on shares of Mullen Group in a research note on Friday, October 23rd. Royal Bank Of Canada restated an “outperform” rating on shares of Mullen Group in a research report on Friday, October 23rd. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Mullen Group in a research note on Monday, October 5th.

Mullen Group Stock Performance

OTCMKTS:MLLGF opened at $20.12 on Monday. The company’s 50-day moving average is $19.29 and its two-hundred day moving average is $16.06. Mullen Group has a 1-year low of $9.47 and a 1-year high of $22.26.

Mullen Group Company Profile

Mullen Group Ltd. is a Canadian transportation and logistics company headquartered in Alberta. Through a network of independently operated businesses, the company provides a range of freight and supply-chain services, including less-than-truckload transportation, specialized hauling, logistics, warehousing and distribution.

The company also serves industrial and energy-related customers with services such as equipment transportation, fluid hauling, environmental support and other specialized trucking solutions.