Zacks Research Downgrades Brambles (OTCMKTS:BXBLY) to Strong Sell

Brambles (OTCMKTS:BXBLY – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. 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. UBS Group raised Brambles from a “hold” rating to a “buy” rating in a report on Monday, May 18th. One research 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.34.

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Brambles Stock Performance

OTCMKTS BXBLY opened at $28.15 on Thursday. The firm’s 50 day simple moving average is $27.28 and its 200 day simple moving average is $29.38. The company has a current ratio of 0.67, a quick ratio of 0.64 and a debt-to-equity ratio of 0.56. Brambles has a 1 year low of $22.70 and a 1 year high of $36.00.

About Brambles

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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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