J.P. Morgan Sticks to Their Hold Rating for Brambles (BMBLF)

In a report released yesterday, Jason Steed from J.P. Morgan maintained a Hold rating on Brambles , with a price target of A$19.50. The company’s shares closed yesterday at A$17.11.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence

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According to TipRanks, Steed is a 3-star analyst with an average return of 13.1% and a 66.67% success rate.

Brambles has an analyst consensus of Moderate Buy, with a price target consensus of A$21.50, implying a 25.64% upside from current levels. In a report released on May 21, Morgan Stanley also downgraded the stock to a Hold with a A$19.00 price target.

BMBLF market cap is currently A$22.82B and has a P/E ratio of 10.05.