Brambles (OTCMKTS:BXBLY) Shares Gap Down – Time to Sell?

Shares of Brambles Ltd. (OTCMKTS:BXBLY) gapped down prior to trading on Thursday . The stock had previously closed at $27.56, but opened at $26.76. Brambles shares last traded at $27.6850, with a volume of 66,175 shares traded.

Analyst Ratings Changes

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

Brambles Stock Performance

The stock’s 50 day moving average is $27.36 and its two-hundred day moving average is $29.25. The company has a quick ratio of 0.64, a current ratio of 0.67 and a debt-to-equity ratio of 0.56.

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.