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

Brenntag AG (OTCMKTS:BNTGY) has received an average recommendation of “Reduce” from the eight brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $12.80.

A number of brokerages recently issued reports on BNTGY. BNP Paribas started coverage on Brenntag in a report on Monday, October 20th. They issued a “neutral” rating and a $12.80 price target for the company. Zacks Research raised Brenntag from a “strong sell” rating to a “hold” rating in a research report on Friday, October 17th. Citigroup restated a “neutral” rating on shares of Brenntag in a report on Friday, November 14th. UBS Group lowered shares of Brenntag from a “hold” rating to a “sell” rating in a research note on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Brenntag in a research report on Wednesday, September 24th.

Brenntag Trading Up 1.3%

Shares of BNTGY opened at $11.08 on Thursday. The firm has a fifty day moving average price of $11.52 and a 200-day moving average price of $12.52. The firm has a market capitalization of $8.00 billion, a P/E ratio of 17.31 and a beta of 0.86. Brenntag has a 12-month low of $10.52 and a 12-month high of $14.82.

Brenntag (OTCMKTS:BNTGY) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The company had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.32 billion. Brenntag had a return on equity of 9.19% and a net margin of 2.62%. Analysts predict that Brenntag will post 0.9 earnings per share for the current year.

Brenntag Company Profile

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.