Brenntag AG (FRA:BNR) Given Consensus Recommendation of “Buy” by Brokerages

Brenntag AG (FRA:BNR) has been given a consensus rating of “Buy” by the sixteen brokerages that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is €53.14 ($61.80).

BNR has been the subject of several research analyst reports. Nord/LB set a €45.00 ($52.33) target price on Brenntag and gave the company a “neutral” rating in a research note on Friday, May 24th. Warburg Research set a €125.00 ($145.35) price objective on Sixt and gave the stock a “buy” rating in a research note on Thursday, May 9th. Berenberg Bank restated a “buy” rating and set a GBX 250 ($3.27) price objective on shares of in a research note on Tuesday, June 18th. Independent Research set a €70.00 ($81.40) price objective on Basf and gave the stock a “neutral” rating in a research note on Tuesday, July 2nd. Finally, Deutsche Bank restated a “hold” rating and set a GBX 1,775 ($23.19) price objective on shares of in a research note on Wednesday, June 26th.

Shares of Brenntag stock traded up €0.63 ($0.73) on Friday, hitting €43.14 ($50.16). 406,798 shares of the company’s stock traded hands. The business’s 50-day simple moving average is €43.02. Brenntag has a 52-week low of €43.06 ($50.07) and a 52-week high of €56.25 ($65.41).

Brenntag Company Profile

Brenntag AG, a chemical distribution company, purchases and supplies industrial and specialty chemicals in Europe, the Middle East, Africa, North America, Latin America, the Asia Pacific, and internationally. The company also provides value added services. It serves customers in various end-market industries, such as adhesives, paints, oil and gas, food, water treatment, personal care, and pharmaceuticals.

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Analyst Recommendations for Brenntag (FRA:BNR)

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