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

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 (BRRAY) remained flat at $8.67 during midday trading on Wednesday. Barloworld Limited has a 52-week low of $5.85 and a 52-week high of $10.34. The firm’s 50 day moving average price is $8.36 and its 200 day moving average price is $8.87. The firm has a market cap of $1.83 billion and a PE ratio of 13.48.

TRADEMARK VIOLATION WARNING: This report was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/09/06/barloworld-limited-brray-upgraded-at-zacks-investment-research.html.

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.

Receive News & Stock Ratings for Barloworld Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barloworld Limited and related stocks with our FREE daily email newsletter.