Brambles Ltd. (OTCMKTS:BXBLY – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 43,813 shares, an increase of 587.5% from the August 15th total of 6,373 shares. Based on an average daily volume of 88,244 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are sold short.
Brambles Trading Up 2.6%
OTCMKTS:BXBLY opened at $26.67 on Friday. Brambles has a 12 month low of $22.70 and a 12 month high of $36.00. The company has a quick ratio of 0.64, a current ratio of 0.67 and a debt-to-equity ratio of 0.56. The firm’s 50 day moving average is $27.38 and its 200 day moving average is $28.97.
Wall Street Analysts Forecast Growth
BXBLY has been the subject of several research analyst reports. Zacks Research lowered Brambles from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 27th. UBS Group raised shares of Brambles from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Finally, The Goldman Sachs Group raised shares of Brambles to a “neutral” rating and set a $19.34 price target on the stock in a report on Tuesday, May 19th. One investment 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, the stock presently has an average rating of “Hold” and an average target price of $19.34.
About Brambles
Brambles Limited is an Australian supply chain logistics company best known for operating the CHEP pallet and reusable packaging pooling businesses. Through its pooling model, Brambles provides, manages and reuses pallets, crates, containers and other logistical assets that help manufacturers, distributors and retailers move goods through supply chains.
CHEP’s products are used across industries including consumer goods, fresh produce, beverage, retail and automotive manufacturing. The company’s services include asset pooling, collection, inspection, repair, repositioning and redistribution, allowing customers to share standardized equipment rather than purchase and manage their own pools of transport assets.
Brambles traces its origins to an Australian business established in the 19th century and has expanded into an international supply chain network.
See Also
- Five stocks we like better than Brambles
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
- Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
- Is Nike’s Index Demotion a Warning or a Buying Opportunity?
Receive News & Ratings for Brambles Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brambles and related companies with MarketBeat.com's FREE daily email newsletter.
