Brambles (OTCMKTS:BXBLY) Shares Gap Up – Still a Buy?

Brambles Ltd. (OTCMKTS:BXBLY) shares gapped up before the market opened on Monday . The stock had previously closed at $26.2650, but opened at $27.72. Brambles shares last traded at $26.7380, with a volume of 5,129 shares trading hands.

Analysts Set New Price Targets

A number of research firms have commented on BXBLY. Zacks Research raised Brambles from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. The Goldman Sachs Group raised Brambles to a “neutral” rating and set a $19.34 price target on the stock in a report on Tuesday, May 19th. Finally, UBS Group raised Brambles from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Brambles currently has a consensus rating of “Hold” and a consensus target price of $19.34.

Brambles Price Performance

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 firm’s fifty day moving average price is $25.84 and its two-hundred day moving average price is $29.94.

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.