Brokerages Set Brenntag AG (OTCMKTS:BNTGY) Target Price at $12.80

Shares of Brenntag AG (OTCMKTS:BNTGY) have been given a consensus recommendation of “Reduce” by the nine ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $12.80.

BNTGY has been the subject of a number of research analyst reports. Morgan Stanley reiterated an “underweight” rating on shares of Brenntag in a report on Friday, August 14th. Jefferies Financial Group raised shares of Brenntag from a “moderate sell” rating to a “hold” rating in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft lowered shares of Brenntag from a “buy” rating to a “hold” rating in a research report on Tuesday, June 16th. UBS Group raised shares of Brenntag from a “sell” rating to a “neutral” rating in a report on Thursday, April 30th. Finally, DZ Bank upgraded shares of Brenntag from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th.

Brenntag Price Performance

Shares of BNTGY stock opened at $14.04 on Friday. The business’s fifty day moving average price is $13.36 and its 200 day moving average price is $13.15. Brenntag has a 1-year low of $10.19 and a 1-year high of $14.97. The firm has a market capitalization of $10.14 billion, a PE ratio of 23.81 and a beta of 0.63.

Brenntag (OTCMKTS:BNTGY) last released its earnings results on Wednesday, August 12th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The company had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.66 billion. Brenntag had a return on equity of 8.34% and a net margin of 2.41%. Equities research analysts expect that Brenntag will post 0.8 earnings per share for the current fiscal 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.