Brenntag (OTCMKTS:BNTGY) Shares Gap Down – Time to Sell?

Brenntag AG (OTCMKTS:BNTGYGet Free Report)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $13.60, but opened at $12.92. Brenntag shares last traded at $12.94, with a volume of 6,284 shares.

Analyst Ratings Changes

BNTGY has been the subject of a number of analyst reports. Morgan Stanley cut Brenntag from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 6th. Barclays upgraded shares of Brenntag to a “hold” rating in a report on Thursday, January 15th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Brenntag in a research report on Friday, November 14th. Six research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Brenntag presently has a consensus rating of “Reduce” and a consensus price target of $12.80.

Check Out Our Latest Research Report on BNTGY

Brenntag Price Performance

The stock has a market capitalization of $9.30 billion, a PE ratio of 20.13 and a beta of 0.75. The company’s 50 day moving average price is $12.05 and its two-hundred day moving average price is $11.87.

About Brenntag

(Get Free Report)

Brenntag SE, trading on OTCMKTS as BNTGY, is a global market leader in the distribution of chemicals and ingredients. With headquarters in Essen, Germany, the company serves a wide range of industries including coatings and construction, cleaning and water treatment, food and nutrition, pharmaceuticals and personal care, as well as oil and gas. Brenntag operates through two core segments—Essentials and Specialties—offering both standard commodity chemicals and tailored specialty solutions to customers around the world.

Its product portfolio encompasses inorganic and organic chemicals, polymers, petrochemicals and specialty ingredients.

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