UBS analyst Andre Fromyhr maintained a Buy rating on Brambles Limited (BMBLF – Research Report) today and set a price target of A$22.80. The company’s shares closed yesterday at $12.68.
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Fromyhr covers the Industrials sector, focusing on stocks such as Brambles Limited, Transurban Group Ltd., and Aurizon Holdings Ltd.. According to TipRanks, Fromyhr has an average return of 7.6% and a 64.10% success rate on recommended stocks.
In addition to UBS, Brambles Limited also received a Buy from J.P. Morgan’s Abhinav Suthakar in a report issued on February 21. However, on February 23, Jefferies maintained a Hold rating on Brambles Limited (Other OTC: BMBLF).
Based on Brambles Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.32 billion and a net profit of $388.6 million. In comparison, last year the company earned a revenue of $3.09 billion and had a net profit of $365.89 million
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