Brambles (OTCMKTS:BXBLY) Raised to “Hold” at Zacks Research

Brambles (OTCMKTS:BXBLY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. The Goldman Sachs Group upgraded Brambles to a “neutral” rating and set a $19.34 target price for the company in a report on Tuesday, May 19th. UBS Group upgraded shares of Brambles from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $19.34.

Brambles Trading Down 0.1%

Shares of BXBLY opened at $27.14 on Monday. Brambles has a fifty-two week low of $22.70 and a fifty-two week high of $36.00. The company’s fifty day moving average is $26.11 and its two-hundred day moving average is $30.08. The company has a current ratio of 0.67, a quick ratio of 0.64 and a debt-to-equity ratio of 0.56.

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.