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

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

Several 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 raised Brambles to a “neutral” rating and set a $19.34 price target for the company in a report on Tuesday, May 19th. One investment 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $19.34.

Brambles Price Performance

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

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.