Brambles (OTCMKTS:BXBLY) Sees Large Volume Increase – Still a Buy?

Brambles Ltd. (OTCMKTS:BXBLY) shares saw unusually-high trading volume on Friday . 161,797 shares changed hands during trading, an increase of 83% from the previous session’s volume of 88,412 shares.The stock last traded at $27.31 and had previously closed at $27.56.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BXBLY shares. Zacks Research cut Brambles from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 27th. UBS Group raised Brambles from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Finally, The Goldman Sachs Group upgraded shares of Brambles to a “neutral” rating and set a $19.34 target price on the stock in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Brambles presently has a consensus rating of “Hold” and an average target price of $19.34.

Brambles Stock Performance

The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.64 and a current ratio of 0.67. The company has a fifty day simple moving average of $27.37 and a two-hundred day simple moving average of $29.21.

Brambles Company Profile

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.