Brambles (OTCMKTS:BXBLY) Rating Lowered to Underperform at Jefferies Financial Group

Brambles (OTCMKTS:BXBLYGet Rating) was downgraded by investment analysts at Jefferies Financial Group from a “hold” rating to an “underperform” rating in a research report issued to clients and investors on Thursday, The Fly reports.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Brambles from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Tuesday, March 1st. The Goldman Sachs Group assumed coverage on shares of Brambles in a research report on Tuesday, February 1st. They set a “sell” rating on the stock.

Shares of BXBLY stock opened at $14.92 on Thursday. Brambles has a 1 year low of $13.11 and a 1 year high of $19.27. The firm’s fifty day simple moving average is $14.54 and its 200 day simple moving average is $14.79. The company has a quick ratio of 0.60, a current ratio of 0.64 and a debt-to-equity ratio of 0.77.

Brambles Company Profile (Get Rating)

Brambles Limited operates as a supply-chain logistics company. The company operates through CHEP North America and Latin America; CHEP Europe, Middle East, Africa and India; and CHEP Australia, New Zealand and Asia, excluding India segments. It engages in the pooling of unit-load equipment and associated services, focusing on the outsourced management of pallets, crates, and containers.

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