Brambles (OTCMKTS:BXBLY – Get Free Report) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks reports.
Brambles Price Performance
BXBLY stock traded up $0.42 during trading on Thursday, hitting $28.05. 66,244 shares of the stock traded hands, compared to its average volume of 190,847. Brambles has a 1 year low of $22.70 and a 1 year high of $36.00. The firm’s 50 day moving average is $27.19 and its two-hundred day 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 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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