Brambles (OTCMKTS:BXBLY) Hits New 1-Year High – Should You Buy?

Brambles Ltd. (OTCMKTS:BXBLY) shares reached a new 52-week high on Tuesday . The stock traded as high as $35.41 and last traded at $35.32, with a volume of 16431 shares trading hands. The stock had previously closed at $34.70.

Analyst Ratings Changes

Separately, Zacks Research upgraded Brambles to a “hold” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Brambles Price Performance

The company’s 50-day simple moving average is $31.79 and its 200 day simple moving average is $31.93. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.64 and a current ratio of 0.67.

Brambles Company Profile

Brambles Limited (OTCMKTS:BXBLY) is a global supply-chain logistics company headquartered in Sydney, Australia, best known for its pooled pallet and reusable packaging services. The company operates the CHEP brand for pallets and larger load-carrier solutions and the IFCO brand for reusable plastic crates, offering customers standardized, shared assets that move goods through retail, grocery, manufacturing and other supply chains.

Brambles’ core activities include the management, distribution and maintenance of pooled pallets, crates and containers; repair and refurbishment services; and logistics support such as asset tracking and inventory management.