Brenntag (OTCMKTS:BNTGY) Sets New 1-Year Low – Should You Sell?

Brenntag AG (OTCMKTS:BNTGY) shares reached a new 52-week low during trading on Friday . The company traded as low as $10.29 and last traded at $10.29, with a volume of 917 shares traded. The stock had previously closed at $10.68.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BNTGY. Morgan Stanley downgraded Brenntag from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 6th. Citigroup reissued a “neutral” rating on shares of Brenntag in a research note on Friday, November 14th. Finally, Barclays upgraded Brenntag to a “hold” rating in a report on Thursday, January 15th. Six research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $12.80.

Brenntag Stock Performance

The stock’s 50-day moving average is $12.17 and its 200 day moving average is $11.81. The firm has a market cap of $7.50 billion, a P/E ratio of 16.23 and a beta of 0.75.

About Brenntag

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.