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

Shares of Brenntag AG (OTCMKTS:BNTGY) have received a consensus recommendation of “Reduce” from the nine analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $12.80.

A number of research firms recently weighed in on BNTGY. DZ Bank raised shares of Brenntag from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Deutsche Bank Aktiengesellschaft lowered Brenntag from a “buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Brenntag in a research report on Friday, August 14th.

Brenntag Trading Up 0.9%

Shares of BNTGY opened at $13.88 on Friday. The company’s 50-day moving average price is $13.98 and its 200 day moving average price is $13.56. Brenntag has a 12-month low of $10.19 and a 12-month high of $14.97. The firm has a market cap of $10.02 billion, a P/E ratio of 23.53 and a beta of 0.62.

Brenntag (OTCMKTS:BNTGY) last announced its earnings results on Wednesday, August 12th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.04. The company had revenue of $4.96 billion during 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%. Equities research analysts forecast that Brenntag will post 0.85 earnings per share 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.