Brambles (OTCMKTS:BXBLY) Shares Gap Up – Should You Buy?

Brambles Ltd. (OTCMKTS:BXBLY)’s stock price gapped up prior to trading on Wednesday. The stock had previously closed at $26.47, but opened at $27.7292. Brambles shares last traded at $27.85, with a volume of 94,960 shares.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Brambles from a “hold” rating to a “strong sell” rating in a report on Thursday, August 27th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Brambles has an average rating of “Hold” and a consensus price target of $19.34.

Brambles Price Performance

The company has a debt-to-equity ratio of 0.60, a current ratio of 0.60 and a quick ratio of 0.57. The firm’s 50 day moving average price is $27.30 and its two-hundred day moving average price is $28.23.

About Brambles

Brambles Limited is an Australian supply-chain logistics company best known for its CHEP business, which provides reusable pallets, crates, bins and other platforms used to move, store and protect goods. Rather than selling these assets outright, Brambles operates a pooling model in which customers access a shared fleet of standardized equipment that is collected, inspected, repaired and redistributed for repeated use.

CHEP products support supply chains across the consumer goods, grocery, fresh produce, beverage, manufacturing and retail sectors.