Brambles (OTCMKTS:BXBLY) Downgraded by Zacks Research to “Strong Sell”

Brambles (OTCMKTS:BXBLY) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday,Zacks.com reports.

BXBLY has been the subject of several other reports. UBS Group upgraded shares of Brambles from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. The Goldman Sachs Group raised Brambles to a “neutral” rating and set a $19.34 price objective on the stock 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $19.34.

Brambles Stock Up 0.5%

Shares of BXBLY opened at $28.15 on Thursday. The company’s 50-day moving average is $27.28 and its 200-day moving average is $29.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.67 and a quick ratio of 0.64. Brambles has a fifty-two week low of $22.70 and a fifty-two week high of $36.00.

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.