Brady Corp. (BRC) Hits New 1-Year High at $33.98
Brady Corp. (NYSE:BRC)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $33.98 and last traded at $33.66, with a volume of 82,052 shares traded. The stock had previously closed at $33.66.
Separately, Zacks Investment Research cut shares of Brady Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 20th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.60.
The stock has a market cap of $1.69 billion and a P/E ratio of 109.9592. The company’s 50 day moving average is $32.61 and its 200 day moving average is $29.56.
In related news, VP Paul Meyer sold 9,851 shares of Brady Corp. stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $32.42, for a total value of $319,369.42. Following the transaction, the vice president now owns 3,356 shares in the company, valued at approximately $108,801.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. The Company has two segments: Identification Solutions (IDS) and Workplace Safety (WPS). The IDS segment includes identification and healthcare products that are manufactured under various brands, including the Brady brand, and are primarily sold through distribution to a range of maintenance, repair and operations (MRO) and original equipment manufacturing (OEM) customers, and through other channels, including direct sales, catalog marketing and digital.