BRAMBLES LTD/S (OTCMKTS:BXBLY) Given Average Rating of “Buy” by Brokerages

BRAMBLES LTD/S (OTCMKTS:BXBLY) has earned a consensus recommendation of “Buy” from the six research firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

BXBLY has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of BRAMBLES LTD/S from a “sell” rating to a “hold” rating in a report on Wednesday, March 11th. Morgan Stanley raised shares of BRAMBLES LTD/S from an “equal weight” rating to an “overweight” rating in a report on Monday, March 30th. Goldman Sachs Group raised shares of BRAMBLES LTD/S from a “buy” rating to a “conviction-buy” rating in a report on Tuesday, March 31st. CLSA raised shares of BRAMBLES LTD/S from an “underperform” rating to an “outperform” rating in a report on Friday, April 17th. Finally, Jefferies Financial Group raised shares of BRAMBLES LTD/S from an “underperform” rating to a “hold” rating in a report on Thursday, March 19th.

OTCMKTS BXBLY opened at $15.01 on Wednesday. The company has a market cap of $12.03 billion, a PE ratio of 23.45 and a beta of 0.90. BRAMBLES LTD/S has a 52 week low of $9.97 and a 52 week high of $18.39. The firm’s 50-day simple moving average is $15.03 and its two-hundred day simple moving average is $15.24.

About BRAMBLES LTD/S

Brambles Limited provides supply-chain logistics solutions based on the provision of reusable pallets, crates, and containers for shared use by various participants in the supply chain. The company operates through CHEP North America and Latin America; CHEP Europe, Middle East, Africa and India; CHEP Australia, New Zealand and Asia, excluding India; and IFCO segments.

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