Brenntag (OTCMKTS:BNTGY) Shares Gap Up – Should You Buy?

Brenntag AG (OTCMKTS:BNTGY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $11.56, but opened at $12.05. Brenntag shares last traded at $11.97, with a volume of 1,233 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Citigroup restated a “neutral” rating on shares of Brenntag in a research note on Friday, November 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Brenntag in a research note on Wednesday, September 24th. UBS Group cut Brenntag from a “hold” rating to a “sell” rating in a report on Friday, October 10th. Zacks Research upgraded shares of Brenntag from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. Finally, BNP Paribas assumed coverage on shares of Brenntag in a research report on Monday, October 20th. They set a “neutral” rating and a $12.80 price target on the stock. Six research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Brenntag presently has a consensus rating of “Reduce” and a consensus price target of $12.80.

Brenntag Trading Down 3.5%

The firm has a market cap of $8.41 billion, a PE ratio of 18.19 and a beta of 0.75. The firm has a 50 day moving average price of $11.43 and a 200-day moving average price of $11.95.

Brenntag (OTCMKTS:BNTGY) last released its earnings results on Wednesday, November 12th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Brenntag had a return on equity of 9.14% and a net margin of 2.66%.The firm had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.32 billion. Equities analysts forecast that Brenntag AG will post 0.9 earnings per share for the current fiscal year.

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.