Brambles (OTCMKTS:BXBLY) Sees Unusually-High Trading Volume – Here’s What Happened

by · The Cerbat Gem

Shares of Brambles Ltd. (OTCMKTS:BXBLY – Get Free Report) saw strong trading volume on Monday . 195,168 shares were traded during mid-day trading, an increase of 178% from the previous session’s volume of 70,165 shares.The stock last traded at $23.96 and had previously closed at $23.87.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group raised shares of Brambles to a “neutral” rating and set a $19.34 target price for the company in a research note on Tuesday, May 19th. UBS Group raised shares of Brambles from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Finally, Zacks Research downgraded shares of Brambles from a “hold” rating to a “strong sell” rating in a research note on Friday, May 22nd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.34.

View Our Latest Analysis on Brambles

Brambles Stock Up 0.4%

The company’s 50 day simple moving average is $30.39 and its 200 day simple moving average is $31.29.

Brambles Company Profile

(Get Free Report)

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.

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