Brambles (OTCMKTS:BXBLY) Reaches New 1-Year Low – Here’s What Happened

Brambles Ltd. (OTCMKTS:BXBLY)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $26.3468 and last traded at $26.3468, with a volume of 863 shares changing hands. The stock had previously closed at $31.6830.

Analysts Set New Price Targets

Separately, Zacks Research raised Brambles to a “hold” rating in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Brambles presently has an average rating of “Hold”.

Brambles Stock Performance

The business has a 50 day simple moving average of $32.01 and a 200 day simple moving average of $31.79.

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.