Brambles (OTCMKTS:BXBLY) Upgraded by Zacks Research to Hold Rating

Brambles (OTCMKTS:BXBLY) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

BXBLY has been the topic of a number of other research reports. UBS Group raised Brambles from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. The Goldman Sachs Group raised Brambles to a “neutral” rating and set a $19.34 target price on the stock in a report on Tuesday, May 19th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $19.34.

Brambles Price Performance

BXBLY opened at $27.14 on Monday. The stock’s 50 day moving average price is $26.11 and its 200 day moving average price is $30.08. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.64 and a current ratio of 0.67. Brambles has a 12 month low of $22.70 and a 12 month high of $36.00.

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.