Brenntag AG (FRA:BNR) Receives €52.22 Average PT from Brokerages
Brenntag AG (FRA:BNR) has been given an average rating of “Buy” by the seventeen research firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is €52.22 ($60.73).
A number of brokerages have recently issued reports on BNR. Credit Suisse Group set a €49.00 ($56.98) price objective on Brenntag and gave the company a “buy” rating in a research note on Tuesday, July 30th. Warburg Research set a €50.00 ($58.14) target price on Brenntag and gave the company a “buy” rating in a research report on Thursday, July 18th. UBS Group set a €52.50 ($61.05) price objective on Brenntag and gave the stock a “buy” rating in a report on Monday, August 5th. Goldman Sachs Group set a €56.00 ($65.12) price objective on Brenntag and gave the stock a “buy” rating in a report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. set a €50.00 ($58.14) target price on Brenntag and gave the stock a “buy” rating in a research note on Wednesday, August 28th.
Shares of FRA BNR traded down €1.01 ($1.17) during mid-day trading on Thursday, hitting €45.56 ($52.98). 611,676 shares of the stock traded hands. Brenntag has a twelve month low of €43.06 ($50.07) and a twelve month high of €56.25 ($65.41). The firm has a 50 day simple moving average of €43.60 and a two-hundred day simple moving average of €44.72.
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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