Brenntag (FRA:BNR) Given a €58.50 Price Target at HSBC

HSBC set a €58.50 ($68.02) price target on Brenntag (FRA:BNR) in a research note released on Tuesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts also recently weighed in on the stock. Independent Research set a €46.00 ($53.49) target price on shares of Brenntag and gave the company a neutral rating in a research note on Friday, August 9th. Berenberg Bank set a €60.00 ($69.77) price target on Brenntag and gave the stock a buy rating in a research report on Wednesday, November 20th. Kepler Capital Markets set a €55.00 ($63.95) price target on Brenntag and gave the stock a buy rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. set a €50.00 ($58.14) price objective on Brenntag and gave the company a buy rating in a research report on Wednesday, November 6th. Finally, Deutsche Bank set a €50.00 ($58.14) price objective on Brenntag and gave the company a neutral rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Brenntag has a consensus rating of Buy and an average target price of €51.00 ($59.30).

FRA:BNR opened at €48.14 ($55.98) on Tuesday. Brenntag has a one year low of €43.06 ($50.07) and a one year high of €56.25 ($65.41). The company’s 50-day simple moving average is €46.86 and its 200 day simple moving average is €44.47.

About Brenntag

Brenntag AG, a chemical distribution company, purchases and supplies industrial and specialty chemicals in Europe, the Middle East, Africa, North America, Latin America, the Asia Pacific, and internationally. The company also provides value added services. It serves customers in various end-market industries, such as adhesives, paints, oil and gas, food, water treatment, personal care, and pharmaceuticals.

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Analyst Recommendations for Brenntag (FRA:BNR)

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