LOOMIS AB SER'B'NPV (LOIMF) Upgraded at Zacks Investment Research

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.

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