Barloworld Limited (NASDAQ:BRRAY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

According to Zacks, “Barlow LTD is an international industrial brand management company that achieves durability in business through long-term value creation. Barlow represents many of the world’s greatest brands in the marketplace. They provide the vital link between manufacturer and customer. They add value through sales, deliver after-market support and provide total solutions to their customers’ needs. Their brands include Caterpillar, Hyster, Perkins, Ditch Witch and many of the world’s leading automotive brands. “

Barloworld Limited (NASDAQ:BRRAY) remained flat at $8.70 during trading on Friday. Barloworld Limited has a 52 week low of $4.35 and a 52 week high of $10.34. The company’s 50-day moving average price is $9.55 and its 200-day moving average price is $8.40. The firm has a market capitalization of $1.83 billion and a P/E ratio of 12.99.

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About Barloworld Limited

Barloworld Limited is a distributor of international brands providing integrated rental, fleet management, product support and logistics solutions. The Company’s segments are Equipment, Handling, Automotive, Logistics and Corporate. The Equipment segment provides customers with solutions that include Caterpillar earthmoving equipment, engines and other complementary brands.

12 Month Chart for NASDAQ:BRRAY

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