Brambles (OTCMKTS:BXBLY – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Thursday, Zacks reports.
Brambles Trading Up 1.5%
BXBLY traded up $0.42 during trading on Thursday, hitting $28.05. 66,244 shares of the company’s stock traded hands, compared to its average volume of 190,847. The company’s 50 day simple moving average is $27.19 and its two-hundred day simple moving average is $27.87. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.57 and a current ratio of 0.60. Brambles has a 12-month low of $22.70 and a 12-month high of $36.00.
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.
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