Barloworld Limited (BRRAY) Upgraded by Zacks Investment Research to “Hold”

Barloworld Limited (NASDAQ:BRRAY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday, September 6th. The brokerage currently has a $9.00 price objective on the stock. Zacks Investment Research‘s price objective would suggest a potential downside of 3.02% from the stock’s current price.

According to Zacks, “Barlow LTD is an international industrial brand management company that achieves durability in business through long-term value creation. Barlow represents many of the world’s greatest brands in the marketplace. They provide the vital link between manufacturer and customer. They add value through sales, deliver after-market support and provide total solutions to their customers’ needs. Their brands include Caterpillar, Hyster, Perkins, Ditch Witch and many of the world’s leading automotive brands. “

Barloworld Limited (NASDAQ BRRAY) remained flat at $9.28 on Wednesday. The stock has a 50 day moving average of $8.52 and a 200-day moving average of $8.91. The stock has a market capitalization of $1.96 billion and a P/E ratio of 14.21. Barloworld Limited has a one year low of $5.90 and a one year high of $10.34.

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Barloworld Limited Company Profile

Barloworld Limited is a distributor of international brands providing integrated rental, fleet management, product support and logistics solutions. The Company’s segments are Equipment, Handling, Automotive, Logistics and Corporate. The Equipment segment provides customers with solutions that include Caterpillar earthmoving equipment, engines and other complementary brands.

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