Brambles Receives “Reduce” Rating from Morningstar (BXB)
Brambles (ASX:BXB)‘s stock had its “reduce” rating reaffirmed by equities research analysts at Morningstar in a research note issued to investors on Friday, Analyst Ratings.Net reports.
A number of other firms have also recently commented on BXB. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Brambles in a research note to investors on Wednesday, December 25th.
Brambles (ASX:BXB) opened at 9.160 on Friday. Brambles has a 1-year low of A$7.580 and a 1-year high of A$9.850. The stock’s 50-day moving average is A$9.1 and its 200-day moving average is A$9.13. The company has a market cap of A$14.266 billion and a price-to-earnings ratio of 22.47.
Brambles Limited is a pooling solutions company. The Company operates in four segments: Pallets, RPCs, Containers and Recall.
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