LOOMIS AB SER'B'NPV (NASDAQ:LOIMF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage presently has a $31.00 price objective on the stock. Zacks Investment Research‘s target price would suggest a potential downside of 17.77% from the stock’s current price.

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. “

LOOMIS AB SER'B'NPV (NASDAQ LOIMF) opened at 37.70 on Tuesday. The company has a 50-day moving average of $37.70 and a 200-day moving average of $35.57. The company has a market cap of $2.84 billion and a price-to-earnings ratio of 16.63. LOOMIS AB SER'B'NPV has a one year low of $26.01 and a one year high of $37.70.

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