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Brambles ( (AU:BXB) ) has shared an announcement.
Brambles Limited has received an upgrade in its credit rating from S&P Global Ratings, moving from BBB+/Stable/A-2 to A-/Stable/A-2. This upgrade reflects Brambles’ improved operating efficiency and profitability, which have strengthened its competitive position and resilience. The change in credit rating does not necessitate any adjustments to the company’s publicly communicated financial policy limits.
The most recent analyst rating on (AU:BXB) stock is a Buy with a A$28.00 price target. To see the full list of analyst forecasts on Brambles stock, see the AU:BXB Stock Forecast page.
More about Brambles
Brambles Limited is a global logistics solutions provider, operating across approximately 60 countries primarily through its CHEP brand. The company leverages its extensive asset pool of 348 million pallets, crates, and containers, supported by a network of over 750 service centers. Known for its leadership in the circular economy, Brambles focuses on sustainability and innovation, aiming to enhance supply network resilience and regenerative practices. It is listed on the Australian Securities Exchange and employs around 12,000 people, with significant operations in North America and Europe.
Average Trading Volume: 3,574,700
Technical Sentiment Signal: Buy
Current Market Cap: A$33.65B
For an in-depth examination of BXB stock, go to TipRanks’ Overview page.