Brambles (OTCMKTS:BXBLY) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Brambles (OTCMKTS:BXBLY) from a strong sell rating to a hold rating in a report published on Monday,Zacks.com reports.

A number of other brokerages have also recently commented on BXBLY. UBS Group upgraded Brambles from a “hold” rating to a “buy” rating in a report on Monday, May 18th. The Goldman Sachs Group upgraded Brambles to a “neutral” rating and set a $19.34 price target on the stock in a report on Tuesday, May 19th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $19.34.

Brambles Stock Down 0.1%

Shares of OTCMKTS BXBLY opened at $27.14 on Monday. The business’s 50 day moving average is $26.11 and its two-hundred day moving average is $30.08. 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 1-year low of $22.70 and a 1-year high of $36.00.

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.