Brambles Stock Rating Reaffirmed by Bank of America Corp. (BXB)
Brambles (ASX:BXB)‘s stock had its “neutral” rating reiterated by equities research analysts at Bank of America Corp. in a research note issued to investors on Wednesday, Analyst Ratings Net reports.
Brambles (ASX:BXB) traded down 0.44% on Wednesday, hitting A$9.010. The stock had a trading volume of 1,923,099 shares. Brambles has a 52 week low of A$6.090 and a 52 week high of A$9.600. The stock has a 50-day moving average of A$9.00 and a 200-day moving average of A$8.8. The company has a market cap of A$14.032 billion and a price-to-earnings ratio of 22.13.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morningstar downgraded shares of Brambles from a “hold” rating to a “reduce” rating in a research note to investors on Sunday, July 28th. Finally, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Brambles in a research note to investors on Thursday, July 18th. They now have a $9.93 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Brambles currently has an average rating of “Hold” and a consensus target price of A$9.14 ($8.63).
Brambles Limited is a pooling solutions company. The Company operates in four segments: Pallets, RPCs, Containers and Recall.
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