Zacks Investment Research upgraded shares of LOOMIS AB SER'B'NPV (NASDAQ:LOIMF) from a hold rating to a buy rating in a research note released on Saturday morning. Zacks Investment Research currently has $31.00 price objective 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 cap of $2.84 billion and a price-to-earnings ratio of 17.05. LOOMIS AB SER'B'NPV has a one year low of $26.01 and a one year high of $37.70. The firm has a 50-day moving average of $37.70 and a 200-day moving average of $35.28.
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