LOOMIS AB SER'B'NPV (LOIMF) Rating Increased to Buy at Zacks Investment Research

LOOMIS AB SER'B'NPV (NASDAQ:LOIMF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday, May 12th. The firm presently has a $35.00 price objective on the stock. Zacks Investment Research‘s price objective points to a potential downside of 7.16% from the company’s current price.

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. “

LOOMIS AB SER'B'NPV (LOIMF) remained flat at $37.70 on Friday. LOOMIS AB SER'B'NPV has a 1-year low of $25.36 and a 1-year high of $37.70. The company’s 50-day moving average price is $36.47 and its 200 day moving average price is $30.42. The stock has a market capitalization of $2.84 billion and a P/E ratio of 18.93.

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