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

Barloworld Limited (NASDAQ:BRRAY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday, August 31st.

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) traded up 7.04% during midday trading on Thursday, reaching $8.67. 28 shares of the company traded hands. Barloworld Limited has a 12-month low of $5.90 and a 12-month high of $10.34. The stock has a market capitalization of $1.83 billion and a P/E ratio of 13.28. The company has a 50 day moving average of $8.49 and a 200-day moving average of $8.89.

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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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