Brambles (OTCMKTS:BXBLY) Stock Rating Lowered by Zacks Research

Brambles (OTCMKTS:BXBLY) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other brokerages have also weighed in on BXBLY. UBS Group upgraded shares of Brambles from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. The Goldman Sachs Group raised Brambles to a “neutral” rating and set a $19.34 price objective on the stock in a report on Tuesday, May 19th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Brambles presently has an average rating of “Hold” and an average target price of $19.34.

Brambles Stock Performance

Shares of OTCMKTS BXBLY opened at $28.15 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.67 and a quick ratio of 0.64. Brambles has a 12 month low of $22.70 and a 12 month high of $36.00. The stock has a 50-day moving average price of $27.28 and a two-hundred day moving average price of $29.38.

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.