Brambles Ltd. (OTCMKTS:BXBLY – Get Free Report) saw unusually-strong trading volume on Monday . Approximately 252,043 shares were traded during mid-day trading, an increase of 225% from the previous session’s volume of 77,671 shares.The stock last traded at $23.64 and had previously closed at $23.65.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group upgraded shares of Brambles to a “neutral” rating and set a $19.34 price target on the stock in a report on Tuesday, May 19th. Zacks Research cut Brambles from a “hold” rating to a “strong sell” rating in a research report on Friday, May 22nd. Finally, UBS Group upgraded Brambles from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $19.34.
Get Our Latest Stock Analysis on BXBLY
Brambles Trading Up 2.2%
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.
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