Zacks Investment Research upgraded shares of Loomis AB (OTCMKTS:LOIMF) from a hold rating to a buy rating in a report published on Wednesday morning. Zacks Investment Research currently has $42.00 price objective on the stock.

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. “

Separately, Gabelli raised Loomis AB from a hold rating to a buy rating in a report on Friday, July 28th.

Shares of Loomis AB (OTCMKTS:LOIMF) opened at $38.17 on Wednesday. The firm has a market capitalization of $2,740.00 and a PE ratio of 18.71. Loomis AB has a twelve month low of $26.01 and a twelve month high of $38.17.

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About Loomis AB

Loomis AB (publ) provides various solutions for cash handling services in Europe, the United States, and internationally. It offers collects and delivers cash daily between stores, banks, deposit boxes, and automatic teller machines (ATMs) through approximately 6,700 cash in transit vehicles; and stores cash to supply banks and retailers with additional banknotes and coins, as well as collects daily receipts, and supplies retail customers and banks with cash and foreign currency.

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