Brambles (OTCMKTS:BXBLY) Sets New 12-Month High – Still a Buy?

Shares of Brambles Ltd. (OTCMKTS:BXBLY) hit a new 52-week high on Monday . The stock traded as high as $36.00 and last traded at $36.00, with a volume of 29636 shares. The stock had previously closed at $35.59.

Wall Street Analyst Weigh In

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

Brambles Price Performance

The company has a current ratio of 0.67, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52. The business has a 50-day simple moving average of $31.99 and a 200-day simple moving average of $32.02.

About Brambles

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.