Brambles (OTCMKTS:BXBLY) Shares Gap Up – What’s Next?

Brambles Ltd. (OTCMKTS:BXBLY) gapped up prior to trading on Thursday . The stock had previously closed at $24.47, but opened at $26.61. Brambles shares last traded at $25.4625, with a volume of 670 shares.

Analyst Upgrades and Downgrades

BXBLY has been the subject of a number of analyst reports. Zacks Research cut Brambles from a “hold” rating to a “strong sell” rating in a report on Friday, May 22nd. UBS Group upgraded Brambles from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Finally, The Goldman Sachs Group upgraded Brambles to a “neutral” rating and set a $19.34 price target for the company in a report on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $19.34.

Brambles Stock Performance

The company has a 50 day moving average price of $29.06 and a 200 day moving average price of $30.85.

Brambles Company Profile

Brambles Limited (OTCMKTS:BXBLY) is a global supply-chain logistics company headquartered in Sydney, Australia, best known for its pooled pallet and reusable packaging services. The company operates the CHEP brand for pallets and larger load-carrier solutions and the IFCO brand for reusable plastic crates, offering customers standardized, shared assets that move goods through retail, grocery, manufacturing and other supply chains.

Brambles’ core activities include the management, distribution and maintenance of pooled pallets, crates and containers; repair and refurbishment services; and logistics support such as asset tracking and inventory management.