Brambles (OTCMKTS:BXBLY) Shares Gap Up – Time to Buy?

Brambles Ltd. (OTCMKTS:BXBLY) gapped up prior to trading on Friday . The stock had previously closed at $26.00, but opened at $27.78. Brambles shares last traded at $26.7150, with a volume of 8,495 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BXBLY shares. Zacks Research cut Brambles from a “hold” rating to a “strong sell” rating in a report on Thursday, August 27th. The Goldman Sachs Group upgraded Brambles to a “neutral” rating and set a $19.34 target price on the stock in a research note on Tuesday, May 19th. Finally, UBS Group raised 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, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $19.34.

Brambles Stock Up 2.8%

The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.64 and a current ratio of 0.67. The company’s 50 day moving average price is $27.38 and its two-hundred day moving average price is $28.98.

Brambles Company Profile

Brambles Limited is an Australian supply chain logistics company best known for operating the CHEP pallet and reusable packaging pooling businesses. Through its pooling model, Brambles provides, manages and reuses pallets, crates, containers and other logistical assets that help manufacturers, distributors and retailers move goods through supply chains.

CHEP’s products are used across industries including consumer goods, fresh produce, beverage, retail and automotive manufacturing. The company’s services include asset pooling, collection, inspection, repair, repositioning and redistribution, allowing customers to share standardized equipment rather than purchase and manage their own pools of transport assets.

Brambles traces its origins to an Australian business established in the 19th century and has expanded into an international supply chain network.