Zacks Investment Research upgraded shares of LOOMIS AB SER'B'NPV (NASDAQ:LOIMF) from a hold rating to a buy rating in a report published on Saturday morning. The brokerage currently has $31.00 target price on the stock.
According to Zacks, “Loomis AB provides solutions for the distribution, handling, storage and recycling of cash and other valuables primarily in Europe, the United States and internationally. It serves financial institutions, retailers, other commerce related business and the public sector. The company offers cash in transit and cash management services. It also offers international valuables logistics which includes international transport, management and storage of foreign currencies and precious metals. Loomis AB is headquartered in Stockholm, Sweden. “
Shares of LOOMIS AB SER'B'NPV (NASDAQ LOIMF) opened at 37.70 on Friday. The company has a market capitalization of $2.84 billion and a price-to-earnings ratio of 18.93. The firm’s 50-day moving average is $36.47 and its 200 day moving average is $30.42. LOOMIS AB SER'B'NPV has a 52-week low of $25.36 and a 52-week high of $37.70.
ILLEGAL ACTIVITY NOTICE: “LOOMIS AB SER'B'NPV (LOIMF) Upgraded at Zacks Investment Research” was published by WKRB News and is owned by of WKRB News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.wkrb13.com/markets/2229419/loomis-ab-serbnpv-loimf-upgraded-at-zacks-investment-research.html.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2229419/loomis-ab-serbnpv-loimf-upgraded-at-zacks-investment-research.html
Receive News & Ratings for LOOMIS AB SER'B'NPV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LOOMIS AB SER'B'NPV and related companies with MarketBeat.com's FREE daily email newsletter.