Brokerages Set Brenntag AG (OTCMKTS:BNTGY) Price Target at $12.80

Brenntag AG (OTCMKTS:BNTGY) has received a consensus rating of “Reduce” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $12.80.

BNTGY has been the subject of a number of analyst reports. Citigroup restated a “neutral” rating on shares of Brenntag in a research report on Friday. UBS Group downgraded shares of Brenntag from a “hold” rating to a “sell” rating in a report on Friday, October 10th. Zacks Research raised shares of Brenntag from a “strong sell” rating to a “hold” rating in a report on Friday, October 17th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Brenntag in a research report on Wednesday, September 24th. Finally, BNP Paribas initiated coverage on shares of Brenntag in a research note on Monday, October 20th. They issued a “neutral” rating and a $12.80 price target on the stock.

Brenntag Stock Down 1.5%

Shares of OTCMKTS:BNTGY opened at $11.39 on Thursday. The company has a market cap of $8.22 billion, a PE ratio of 17.79 and a beta of 0.86. Brenntag has a fifty-two week low of $10.52 and a fifty-two week high of $14.82. The firm has a 50-day simple moving average of $11.58 and a 200 day simple moving average of $12.57.

Brenntag (OTCMKTS:BNTGY) last issued its earnings results on Wednesday, November 12th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Brenntag had a return on equity of 9.19% and a net margin of 2.62%.The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.32 billion. As a group, research analysts forecast that Brenntag 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.