Brambles’s Buy Rating Reaffirmed at Credit Agricole (BXB)
Brambles (ASX:BXB)‘s stock had its “buy” rating reaffirmed by investment analysts at Credit Agricole in a note issued to investors on Monday, AnalystRatings.Net reports. They currently have a $10.60 price objective on the stock.
Brambles (ASX:BXB) traded up 0.11% on Monday, hitting A$9.140. 6,133,681 shares of the company’s stock traded hands. Brambles has a one year low of A$7.2481 and a one year high of A$9.320. The stock’s 50-day moving average is A$8.97 and its 200-day moving average is A$8.50. The company has a market cap of A$14.235 billion and a price-to-earnings ratio of 22.32.
BXB has been the subject of a number of other recent research reports. Analysts at Morningstar reiterated a “reduce” rating on shares of Brambles in a research note to investors on Friday, January 3rd. Finally, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Brambles in a research note to investors on Wednesday, December 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Brambles has a consensus rating of “Hold” and a consensus target price of A$10.31 ($8.97).
Brambles Limited is a pooling solutions company. The Company operates in four segments: Pallets, RPCs, Containers and Recall.
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