Brenntag AG (OTCMKTS:BNTGY) Stock Has Consensus Price Target of $12.80

Shares of Brenntag AG (OTCMKTS:BNTGY) have received an average recommendation of “Reduce” from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $12.80.

A number of research analysts have recently issued reports on BNTGY shares. Deutsche Bank Aktiengesellschaft cut Brenntag from a “buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Morgan Stanley reissued an “underweight” rating on shares of Brenntag in a research note on Friday, August 14th. Finally, DZ Bank upgraded Brenntag from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th.

Brenntag Stock Performance

BNTGY stock opened at $13.75 on Friday. The company has a market capitalization of $9.93 billion, a PE ratio of 23.31 and a beta of 0.62. Brenntag has a one year low of $10.19 and a one year high of $14.97. The company’s 50 day moving average price is $13.99 and its two-hundred day moving average price is $13.56.

Brenntag (OTCMKTS:BNTGY) last released its earnings results on Wednesday, August 12th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.25 by $0.04. The company had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.66 billion. Brenntag had a net margin of 2.41% and a return on equity of 8.30%. On average, research analysts predict that Brenntag will post 0.85 EPS for the current year.

About Brenntag

Brenntag SE is a Germany-based global distributor of chemicals and ingredients. The company connects chemical manufacturers with industrial and commercial customers, supplying a broad portfolio of basic and specialty chemicals as well as related products and services.

Its activities include sourcing, storage, blending, formulation, packaging and delivery, along with technical support and other supply-chain services. Brenntag serves customers across industries such as manufacturing, water treatment, food and nutrition, pharmaceuticals, personal care, agriculture, energy and environmental services.

Founded in 1874 in Berlin, Brenntag has expanded into an international organization serving markets across Europe, North America, Latin America and the Asia-Pacific region.