Brenntag (OTCMKTS:BNTGY) Shares Gap Down – Should You Sell?

Brenntag AG (OTCMKTS:BNTGY) gapped down before the market opened on Wednesday . The stock had previously closed at $11.91, but opened at $10.92. Brenntag shares last traded at $10.91, with a volume of 2,606 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BNTGY shares. Citigroup reiterated a “neutral” rating on shares of Brenntag in a research report on Friday, November 14th. Morgan Stanley cut shares of Brenntag from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, January 6th. Finally, Barclays upgraded shares of Brenntag to a “hold” rating in a research report on Thursday, January 15th. Six investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $12.80.

Brenntag Price Performance

The stock has a market capitalization of $7.92 billion, a PE ratio of 17.14 and a beta of 0.75. The firm’s 50 day simple moving average is $12.22 and its 200 day simple moving average is $11.85.

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.