Brambles (OTCMKTS:BXBLY) Shares Gap Up – Still a Buy?

Brambles Ltd. (OTCMKTS:BXBLY)’s share price gapped up prior to trading on Friday. The stock had previously closed at $27.23, but opened at $28.30. Brambles shares last traded at $28.00, with a volume of 3,385 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Brambles from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 27th. 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $19.34.

Brambles Trading Up 2.0%

The business’s fifty day simple moving average is $27.20 and its 200-day simple moving average is $27.87. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.60.

Brambles Company Profile

Brambles Limited is an Australian supply-chain logistics company best known for its CHEP business, which provides reusable pallets, crates, bins and other platforms used to move, store and protect goods. Rather than selling these assets outright, Brambles operates a pooling model in which customers access a shared fleet of standardized equipment that is collected, inspected, repaired and redistributed for repeated use.

CHEP products support supply chains across the consumer goods, grocery, fresh produce, beverage, manufacturing and retail sectors.