Brenntag (FRA:BNR) PT Set at €58.50 by HSBC

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Brenntag (FRA:BNR) received a €58.50 ($68.02) price objective from investment analysts at HSBC in a report issued on Tuesday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. HSBC’s target price would suggest a potential upside of 23.44% from the stock’s previous close.

A number of other brokerages also recently weighed in on BNR. UBS Group set a €52.50 ($61.05) price objective on shares of Brenntag and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Nord/LB set a €45.00 ($52.33) price objective on shares of Brenntag and gave the stock a “neutral” rating in a research report on Friday, October 4th. Baader Bank set a €50.00 ($58.14) price objective on shares of Brenntag and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Berenberg Bank set a €60.00 ($69.77) price objective on shares of Brenntag and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Bankhaus Lampe set a €54.00 ($62.79) price objective on shares of Brenntag and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Brenntag presently has an average rating of “Buy” and an average price target of €51.00 ($59.30).

Shares of Brenntag stock opened at €47.39 ($55.10) on Tuesday. The firm has a 50-day simple moving average of €46.65 and a two-hundred day simple moving average of €44.43. Brenntag has a fifty-two week low of €43.06 ($50.07) and a fifty-two week high of €56.25 ($65.41).

Brenntag Company Profile

Brenntag AG, a chemical distribution company, purchases and supplies industrial and specialty chemicals in Europe, the Middle East, Africa, North America, Latin America, the Asia Pacific, and internationally. The company also provides value added services. It serves customers in various end-market industries, such as adhesives, paints, oil and gas, food, water treatment, personal care, and pharmaceuticals.

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Analyst Recommendations for Brenntag (FRA:BNR)

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