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

Brenntag AG (OTCMKTS:BNTGY) has been assigned an average rating of “Reduce” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $12.80.

BNTGY has been the subject of several recent analyst reports. Morgan Stanley lowered Brenntag from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 6th. Barclays raised Brenntag to a “hold” rating in a research report on Thursday, January 15th.

Brenntag Stock Performance

Brenntag stock opened at $11.07 on Wednesday. Brenntag has a fifty-two week low of $10.19 and a fifty-two week high of $14.14. The firm’s 50-day simple moving average is $12.05 and its 200 day simple moving average is $11.71. The stock has a market cap of $7.99 billion, a PE ratio of 27.00 and a beta of 0.75.

Brenntag (OTCMKTS:BNTGY) last posted its quarterly earnings data on Thursday, March 12th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.24 by ($0.28). Brenntag had a net margin of 1.71% and a return on equity of 5.88%. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.22 billion. As a group, analysts predict that Brenntag will post 0.9 EPS for the current fiscal year.

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.