Brambles (OTCMKTS:BXBLY) Sees Unusually-High Trading Volume – Here’s What Happened

Brambles Ltd. (OTCMKTS:BXBLY) shares saw an uptick in trading volume on Friday . 161,797 shares changed hands during mid-day trading, an increase of 83% from the previous session’s volume of 88,412 shares.The stock last traded at $27.31 and had previously closed at $27.56.

Analysts Set New Price Targets

BXBLY has been the subject of a number of analyst reports. UBS Group raised Brambles from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Zacks Research downgraded Brambles from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 27th. Finally, The Goldman Sachs Group raised Brambles to a “neutral” rating and set a $19.34 target price for the company in a research report on Tuesday, May 19th. 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’s stock. Based on data from MarketBeat.com, Brambles currently has a consensus rating of “Hold” and a consensus target price of $19.34.

Brambles Trading Up 0.0%

The company has a current ratio of 0.67, a quick ratio of 0.64 and a debt-to-equity ratio of 0.56. The company has a fifty day moving average price of $27.37 and a two-hundred day moving average price of $29.21.

Brambles Company Profile

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.