Brambles (ASX:BXB)‘s stock had its “buy” rating reaffirmed by equities research analysts at Goldman Sachs Group Inc. in a research note issued to investors on Monday, American Banking & Market News reports.
A number of other analysts have also recently weighed in on BXB. Analysts at Morningstar raised their price target on shares of Brambles from $9.24 to $9.38 in a research note to investors on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of A$8.96 ($8.15).
Shares of Brambles (ASX:BXB) traded down 1.07% during mid-day trading on Monday, hitting A$9.280. 4,763,303 shares of the company’s stock traded hands. Brambles has a 1-year low of A$7.190 and a 1-year high of A$9.850. The stock has a 50-day moving average of A$9.38 and a 200-day moving average of A$9.17. The company has a market cap of A$14.453 billion and a P/E ratio of 22.93.
Brambles Limited is a pooling solutions company. The Company operates in four segments: Pallets, RPCs, Containers and Recall.
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