Zacks: Brokerages Set $9.70 Price Target for Barloworld Limited (NASDAQ:BRRAY)
Shares of Barloworld Limited (NASDAQ:BRRAY) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus target price of $9.70 for the company, according to Zacks. Zacks has also given Barloworld Limited an industry rank of 82 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of Barloworld Limited from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Tuesday, June 13th.
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Barloworld Limited (NASDAQ BRRAY) opened at 8.10 on Monday. The company has a market cap of $1.71 billion and a price-to-earnings ratio of 12.33. The firm’s 50-day moving average price is $8.63 and its 200-day moving average price is $8.80. Barloworld Limited has a 1-year low of $5.55 and a 1-year high of $10.34.
About Barloworld Limited
Barloworld Limited is a distributor of international brands providing integrated rental, fleet management, product support and logistics solutions. The Company’s segments are Equipment, Handling, Automotive, Logistics and Corporate. The Equipment segment provides customers with solutions that include Caterpillar earthmoving equipment, engines and other complementary brands.
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