Brambles Ltd. (OTCMKTS:BXBLY – Get Free Report)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $24.47, but opened at $26.61. Brambles shares last traded at $25.4625, with a volume of 670 shares traded.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. Zacks Research lowered Brambles from a “hold” rating to a “strong sell” rating in a research report on Friday, May 22nd. The Goldman Sachs Group raised Brambles to a “neutral” rating and set a $19.34 target price on the stock in a research report on Tuesday, May 19th. Finally, UBS Group raised Brambles from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $19.34.
Get Our Latest Analysis on Brambles
Brambles Trading Up 2.3%
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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