Brambles (OTCMKTS:BXBLY) Shares Gap Up - Here's Why

Key Points

• Shares gapped up: Brambles (OTCMKTS:BXBLY) opened at $32.94 after a $31.19 close and was last quoted at $33.2165 on light volume (737 shares).
• Zacks upgraded the stock to a "Hold" on Feb. 5, and MarketBeat shows the consensus rating for Brambles is currently "Hold."
• Business profile and technicals: Brambles is a global supply‑chain logistics operator (brands CHEP and IFCO) and its 50‑day and 200‑day moving averages are $32.59 and $31.81, respectively.

Shares of Brambles Ltd. (OTCMKTS:BXBLY - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $31.19, but opened at $32.94. Brambles shares last traded at $33.2165, with a volume of 737 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Brambles to a "hold" rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold".

Brambles Price Performance

The business has a fifty day moving average of $32.59 and a 200-day moving average of $31.81.

About Brambles

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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