LOOMIS AB SER'B'NPV (NASDAQ:LOIMF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday. The firm currently has a $31.00 price target on the stock. Zacks Investment Research‘s target price indicates a potential downside of 17.77% from the stock’s previous close.

According to Zacks, “Loomis AB provides solutions for the distribution, handling, storage and recycling of cash and other valuables primarily in Europe, the United States and internationally. It serves financial institutions, retailers, other commerce related business and the public sector. The company offers cash in transit and cash management services. It also offers international valuables logistics which includes international transport, management and storage of foreign currencies and precious metals. Loomis AB is headquartered in Stockholm, Sweden. “

Shares of LOOMIS AB SER'B'NPV (NASDAQ:LOIMF) opened at 37.70 on Friday. LOOMIS AB SER'B'NPV has a 52-week low of $25.36 and a 52-week high of $37.70. The firm has a market cap of $2.84 billion and a P/E ratio of 17.05. The company has a 50 day moving average price of $37.70 and a 200-day moving average price of $35.16.

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