Berenberg Bank set a €60.00 ($69.77) price objective on Brenntag (FRA:BNR) in a research note issued to investors on Wednesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
A number of other research analysts also recently issued reports on the stock. DZ Bank set a €45.00 ($52.33) price objective on shares of Brenntag and gave the stock a neutral rating in a research report on Wednesday, November 6th. Nord/LB set a €45.00 ($52.33) target price on shares of Brenntag and gave the company a neutral rating in a research report on Friday, October 4th. Kepler Capital Markets set a €55.00 ($63.95) target price on shares of Brenntag and gave the company a buy rating in a research note on Wednesday, November 13th. Deutsche Bank set a €50.00 ($58.14) target price on shares of Brenntag and gave the company a neutral rating in a research note on Monday, December 2nd. Finally, HSBC set a €58.50 ($68.02) price target on shares of Brenntag and gave the stock a buy rating in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of Buy and an average target price of €51.00 ($59.30).
BNR stock opened at €49.05 ($57.03) on Wednesday. Brenntag has a one year low of €43.06 ($50.07) and a one year high of €56.25 ($65.41). The firm has a 50-day simple moving average of €46.98 and a two-hundred day simple moving average of €44.49.
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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