Brambles (OTCMKTS:BXBLY) Shares Gap Down – Should You Sell?
by Sarita Garza · The Markets DailyBrambles Ltd. (OTCMKTS:BXBLY – Get Free Report)’s share price gapped down before the market opened on Thursday. The stock had previously closed at $26.47, but opened at $25.25. Brambles shares last traded at $25.25, with a volume of 164 shares traded.
Analysts Set New Price Targets
Separately, Zacks Research lowered Brambles from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 27th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Brambles currently has a consensus rating of “Hold” and an average target price of $19.34.
Get Our Latest Analysis on BXBLY
Brambles Price Performance
The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 0.60. The stock has a 50 day moving average price of $27.30 and a 200 day moving average price of $28.20.
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.