Brambles (OTCMKTS:BXBLY) Sets New 52-Week High – Here’s Why

Brambles Ltd. (OTCMKTS:BXBLY)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $35.41 and last traded at $35.32, with a volume of 16431 shares trading hands. The stock had previously closed at $34.70.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Brambles to a “hold” rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Brambles Stock Performance

The company has a quick ratio of 0.64, a current ratio of 0.67 and a debt-to-equity ratio of 0.52. The firm has a fifty day simple moving average of $31.58 and a two-hundred day simple moving average of $31.87.

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.