Brenntag AG (OTCMKTS:BNTGY) Receives Average Recommendation of “Reduce” from Analysts

Shares of Brenntag AG (OTCMKTS:BNTGY) have been given a consensus rating of “Reduce” by the nine brokerages that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $12.80.

A number of equities analysts have issued reports on the stock. Citigroup reaffirmed a “neutral” rating on shares of Brenntag in a research note on Friday, November 14th. Barclays raised shares of Brenntag to a “hold” rating in a research note on Thursday, January 15th. Finally, Morgan Stanley lowered Brenntag from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 6th.

Brenntag Stock Down 2.0%

Brenntag stock opened at $12.30 on Friday. Brenntag has a 12-month low of $10.52 and a 12-month high of $14.82. The business’s 50-day simple moving average is $12.17 and its 200 day simple moving average is $11.88. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of 19.22 and a beta of 0.75.

Brenntag Company Profile

Brenntag SE, trading on OTCMKTS as BNTGY, is a global market leader in the distribution of chemicals and ingredients. With headquarters in Essen, Germany, the company serves a wide range of industries including coatings and construction, cleaning and water treatment, food and nutrition, pharmaceuticals and personal care, as well as oil and gas. Brenntag operates through two core segments—Essentials and Specialties—offering both standard commodity chemicals and tailored specialty solutions to customers around the world.

Its product portfolio encompasses inorganic and organic chemicals, polymers, petrochemicals and specialty ingredients.