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

Shares of Brenntag AG (OTCMKTS:BNTGY) have earned an average rating of “Reduce” from the nine ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $12.80.

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft cut Brenntag from a “buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Jefferies Financial Group raised Brenntag from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 20th. UBS Group raised Brenntag from a “sell” rating to a “neutral” rating in a research report on Thursday, April 30th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Brenntag in a research report on Friday, May 15th.

Brenntag Price Performance

Shares of OTCMKTS:BNTGY opened at $12.11 on Friday. Brenntag has a fifty-two week low of $10.19 and a fifty-two week high of $14.97. The business has a 50-day moving average of $13.40 and a two-hundred day moving average of $12.62. The stock has a market capitalization of $8.74 billion, a P/E ratio of 32.72 and a beta of 0.64.

Brenntag (OTCMKTS:BNTGY) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Brenntag had a return on equity of 5.28% and a net margin of 1.55%.The company had revenue of $4.29 billion during the quarter, compared to analyst estimates of $4.33 billion. As a group, research analysts expect that Brenntag will post 0.8 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.