Loomis AB (LOIMF) Rating Increased to Buy at Zacks Investment Research

Loomis AB (OTCMKTS:LOIMF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The firm presently has a $42.00 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 10.03% from the stock’s current price.

According to Zacks, “Loomis AB provides solutions for the distribution, handling, storage and recycling of cash and other valuables primarily in Europe, the United States and internationally. It serves financial institutions, retailers, other commerce related business and the public sector. The company offers cash in transit and cash management services. It also offers international valuables logistics which includes international transport, management and storage of foreign currencies and precious metals. Loomis AB is headquartered in Stockholm, Sweden. “

Separately, Gabelli raised shares of Loomis AB from a “hold” rating to a “buy” rating in a report on Friday, July 28th.

Shares of Loomis AB (LOIMF) opened at $38.17 on Wednesday. Loomis AB has a 1 year low of $26.01 and a 1 year high of $38.17. The company has a market cap of $2,740.00 and a PE ratio of 18.71.

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Loomis AB Company Profile

Loomis AB (publ) provides various solutions for cash handling services in Europe, the United States, and internationally. It offers collects and delivers cash daily between stores, banks, deposit boxes, and automatic teller machines (ATMs) through approximately 6,700 cash in transit vehicles; and stores cash to supply banks and retailers with additional banknotes and coins, as well as collects daily receipts, and supplies retail customers and banks with cash and foreign currency.

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