Brambles (OTCMKTS:BXBLY) Raised to “Hold” at Zacks Research

Brambles (OTCMKTS:BXBLY) was upgraded by analysts at Zacks Research to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Brambles Stock Performance

Shares of OTCMKTS:BXBLY opened at $33.26 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $31.00 and a two-hundred day simple moving average of $31.64. Brambles has a 12-month low of $23.31 and a 12-month high of $35.27.

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.