Analysts Set Brenntag AG (OTCMKTS:BNTGY) PT at $12.80

Shares of Brenntag AG (OTCMKTS:BNTGY) have received an average recommendation of “Reduce” from the nine research firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $12.80.

A number of equities analysts have weighed in on BNTGY shares. Morgan Stanley cut shares of Brenntag from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, January 6th. Barclays raised Brenntag to a “hold” rating in a research report on Thursday, January 15th.

Brenntag Trading Up 6.9%

OTCMKTS BNTGY opened at $12.72 on Wednesday. The stock has a market cap of $9.18 billion, a P/E ratio of 31.02 and a beta of 0.75. The company’s fifty day simple moving average is $12.08 and its 200-day simple moving average is $11.71. Brenntag has a 52 week low of $10.19 and a 52 week high of $14.14.

Brenntag (OTCMKTS:BNTGY) last released its quarterly earnings results on Thursday, March 12th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.28). Brenntag had a net margin of 1.71% and a return on equity of 5.88%. The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.22 billion. On average, research analysts expect that Brenntag will post 0.9 EPS for the current fiscal year.

Brenntag Company Profile

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.