Brenntag (OTCMKTS:BNTGY) Shares Gap Down – Should You Sell?

Shares of Brenntag AG (OTCMKTS:BNTGY) gapped down prior to trading on Tuesday . The stock had previously closed at $13.90, but opened at $13.23. Brenntag shares last traded at $13.2250, with a volume of 694 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have weighed in on BNTGY shares. UBS Group raised Brenntag from a “sell” rating to a “neutral” rating in a research report on Thursday, April 30th. Morgan Stanley restated an “underweight” rating on shares of Brenntag in a research report on Friday, May 15th. Finally, Jefferies Financial Group upgraded shares of Brenntag from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Eight analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Brenntag currently has a consensus rating of “Reduce” and a consensus target price of $12.80.

Brenntag Stock Performance

The stock has a fifty day moving average price of $13.51 and a 200-day moving average price of $12.37. The firm has a market cap of $9.36 billion, a PE ratio of 35.03 and a beta of 0.67.

Brenntag (OTCMKTS:BNTGY) last released its earnings results on Wednesday, May 13th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). Brenntag had a return on equity of 5.38% and a net margin of 1.55%.The company had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.33 billion.

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.