Brenntag (OTCMKTS:BNTGY) Sees Strong Trading Volume – What’s Next?

Brenntag AG (OTCMKTS:BNTGY) saw unusually-high trading volume on Monday . Approximately 368,687 shares traded hands during trading, an increase of 530% from the previous session’s volume of 58,567 shares.The stock last traded at $11.14 and had previously closed at $11.3860.

Wall Street Analyst Weigh In

BNTGY has been the subject of a number of recent research reports. Zacks Research upgraded shares of Brenntag from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. Citigroup reiterated a “neutral” rating on shares of Brenntag in a research report on Friday. BNP Paribas assumed coverage on Brenntag in a research note on Monday, October 20th. They set a “neutral” rating and a $12.80 price objective on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Brenntag in a research note on Wednesday, September 24th. Finally, UBS Group lowered Brenntag from a “hold” rating to a “sell” rating in a report on Friday, October 10th. Six equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Brenntag presently has an average rating of “Reduce” and an average price target of $12.80.

Brenntag Price Performance

The firm has a market capitalization of $7.97 billion, a PE ratio of 17.25 and a beta of 0.86. The business’s 50 day moving average is $11.58 and its two-hundred day moving average is $12.57.

Brenntag (OTCMKTS:BNTGY) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). Brenntag had a net margin of 2.62% and a return on equity of 9.19%. The company had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.32 billion. Analysts expect that Brenntag AG 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.