Brenntag (OTCMKTS:BNTGY) Upgraded at Barclays

Brenntag (OTCMKTS:BNTGY) was upgraded by equities researchers at Barclays to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Citigroup reissued a “neutral” rating on shares of Brenntag in a research note on Friday, November 14th. UBS Group lowered Brenntag from a “hold” rating to a “sell” rating in a research note on Friday, October 10th. BNP Paribas began coverage on shares of Brenntag in a research note on Monday, October 20th. They set a “neutral” rating and a $12.80 target price for the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Brenntag in a report on Wednesday, September 24th. Finally, Morgan Stanley lowered shares of Brenntag from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 6th. Six equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Brenntag presently has an average rating of “Reduce” and an average target price of $12.80.

Brenntag Trading Down 3.5%

BNTGY stock opened at $11.64 on Thursday. The stock has a market cap of $8.41 billion, a PE ratio of 18.19 and a beta of 0.75. Brenntag has a 12 month low of $10.52 and a 12 month high of $14.82. The company has a 50-day moving average price of $11.43 and a 200 day moving average price of $11.95.

Brenntag (OTCMKTS:BNTGY) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). Brenntag had a return on equity of 9.14% and a net margin of 2.66%.The firm had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.32 billion. Sell-side analysts forecast that Brenntag will post 0.9 EPS for the current year.

About Brenntag

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.