Brambles (OTCMKTS:BXBLY) Shares Gap Down – Time to Sell?

Shares of Brambles Ltd. (OTCMKTS:BXBLY) gapped down prior to trading on Tuesday . The stock had previously closed at $27.74, but opened at $25.64. Brambles shares last traded at $26.22, with a volume of 6,955 shares changing hands.

Analyst Upgrades and Downgrades

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

Brambles Stock Performance

The stock’s 50 day moving average price is $27.10 and its two-hundred day moving average price is $30.34.

About Brambles

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.