Barloworld Limited (BRRAY) Downgraded to Hold at Zacks Investment Research
Barloworld Limited (NASDAQ:BRRAY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.
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. “
Shares of Barloworld Limited (NASDAQ BRRAY) remained flat at $9.20 during mid-day trading on Thursday. The company has a market cap of $1.94 billion and a PE ratio of 13.92. The firm’s 50 day moving average is $9.00 and its 200-day moving average is $8.89. Barloworld Limited has a 1-year low of $6.05 and a 1-year high of $10.34.
Barloworld Limited Company Profile
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.
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