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

Brenntag AG (OTCMKTS:BNTGY) has earned an average rating of “Reduce” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $12.80.

Several equities research analysts have recently commented on BNTGY shares. Citigroup restated a “neutral” rating on shares of Brenntag in a research note on Friday, November 14th. BNP Paribas started coverage on shares of Brenntag in a research report on Monday, October 20th. They issued a “neutral” rating and a $12.80 price target on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Brenntag in a report on Wednesday, September 24th. UBS Group cut shares of Brenntag from a “hold” rating to a “sell” rating in a research note on Friday, October 10th. Finally, Zacks Research upgraded Brenntag from a “strong sell” rating to a “hold” rating in a research report on Friday, October 17th.

Brenntag Stock Up 1.5%

Shares of BNTGY opened at $11.82 on Monday. The company has a 50-day moving average price of $11.32 and a two-hundred day moving average price of $12.26. The stock has a market cap of $8.53 billion, a price-to-earnings ratio of 18.47 and a beta of 0.75. Brenntag has a 12 month low of $10.52 and a 12 month high of $14.82.

Brenntag (OTCMKTS:BNTGY) last issued its earnings results on Wednesday, November 12th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Brenntag had a return on equity of 9.14% and a net margin of 2.66%.The company had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.32 billion. Equities research analysts expect that Brenntag will post 0.9 EPS for the current fiscal year.

About Brenntag

Brenntag SE purchases and supplies various industrial and specialty chemicals, and ingredients in Germany, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates in two segments, Brenntag Essentials and Brenntag Specialties. It provides just-in-time delivery, product mixing, blending, repackaging, inventory management, and drum return handling.