Brenntag (FRA:BNR) received a €55.00 ($64.71) price target from analysts at Independent Research in a report released on Wednesday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Independent Research’s price objective would suggest a potential downside of 0.15% from the company’s previous close.
Several other equities analysts also recently commented on BNR. Deutsche Bank set a €47.00 ($55.29) price objective on shares of Brenntag and gave the company a “neutral” rating in a report on Thursday, August 6th. Credit Suisse Group set a €71.50 ($84.12) price objective on shares of Brenntag and gave the company a “buy” rating in a report on Wednesday. Goldman Sachs Group set a €62.00 ($72.94) price objective on shares of Brenntag and gave the company a “buy” rating in a report on Wednesday. Kepler Capital Markets set a €44.00 ($51.76) price objective on shares of Brenntag and gave the company a “neutral” rating in a report on Thursday, August 6th. Finally, Jefferies Financial Group set a €52.00 ($61.18) price target on shares of Brenntag and gave the company a “neutral” rating in a research note on Tuesday. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Brenntag has a consensus rating of “Buy” and a consensus target price of €53.69 ($63.16).
FRA:BNR opened at €55.08 ($64.80) on Wednesday. Brenntag has a one year low of €43.06 ($50.66) and a one year high of €56.25 ($66.18). The firm’s fifty day moving average price is €52.90 and its two-hundred day moving average price is €45.33.
Brenntag Company Profile
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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