Brambles Ltd. (OTCMKTS:BXBLY – Get Free Report)’s share price gapped up before the market opened on Friday . The stock had previously closed at $26.64, but opened at $28.40. Brambles shares last traded at $27.39, with a volume of 4,687 shares.
Analysts Set New Price Targets
A number of brokerages have weighed in on BXBLY. Zacks Research raised Brambles from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. 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. Finally, UBS Group raised shares of Brambles from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.34.
View Our Latest Research Report on BXBLY
Brambles Trading Up 3.1%
About Brambles
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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