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

Shares of Brambles Ltd. (OTCMKTS:BXBLY) saw unusually-strong trading volume on Friday. 161,097 shares were traded during mid-day trading, an increase of 79% from the previous session’s volume of 90,088 shares. The stock last traded at $26.66 and had previously closed at $26.39.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Brambles from a “hold” rating to a “strong sell” rating in a report on Thursday, August 27th. One equities 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $19.34.

Brambles Trading Up 0.6%

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.57 and a current ratio of 0.60. The company has a 50-day moving average of $27.31 and a 200-day moving average of $28.16.

Brambles Company Profile

Brambles Limited is an Australian supply-chain logistics company best known for its CHEP business, which provides reusable pallets, crates, bins and other platforms used to move, store and protect goods. Rather than selling these assets outright, Brambles operates a pooling model in which customers access a shared fleet of standardized equipment that is collected, inspected, repaired and redistributed for repeated use.

CHEP products support supply chains across the consumer goods, grocery, fresh produce, beverage, manufacturing and retail sectors.