In a report released today, Ian Myles from Macquarie maintained a Buy rating on $Brambles Ltd (BXB.AU)$, with a price target of A$16.25. The company's shares closed last Friday at $11.09.
Myles covers the Industrials sector, focusing on stocks such as Aurizon Holdings Ltd., Transurban Group Ltd., and Brambles Limited. According to TipRanks, Myles has an average return of 11.5% and a 74.07% success rate on recommended stocks.
In addition to Macquarie, Brambles Limited also received a Buy from RBC Capital's Owen Birrell in a report issued on August 8. However, today, Citi maintained a Sell rating on Brambles Limited.
BMBLF market cap is currently $14.72B and has a P/E ratio of 19.05.
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Brambles Limited (BMBLF) Company Description:
Brambles Ltd. engages in the provision of supply chain support services and information management solutions. It operates through the following segments: CHEP Americas, CHEP EMEA, CHEP Asia-Pacific, IFCO, and Corporate. The CHEP Americas segment comprises the North America and Latin America. The CHEP EMEA segment includes the Europe, Middle East, Africa and India. The CHEP Asia-Pacific segment consists of the Australia, New Zealand and Asia, excluding India. The IFCO segment refers to the reusable plastic crates pooling businesses operating under the IFCO brand. The Corporate segment includes BXB Digital and Hoover Ferguson Group. The company was founded by Walter Edwin Bramble in 1875 and is headquartered in Sydney, Australia.
