Berenberg Bank set a €60.00 ($69.77) target price on Brenntag (FRA:BNR) in a report released on Monday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Other equities analysts have also recently issued reports about the company. Jefferies Financial Group set a €49.00 ($56.98) target price on Brenntag and gave the stock a neutral rating in a research report on Monday, July 1st. Warburg Research set a €50.00 ($58.14) target price on Brenntag and gave the stock a buy rating in a research report on Thursday, July 18th. Deutsche Bank set a €52.00 ($60.47) target price on Brenntag and gave the stock a buy rating in a research report on Thursday, August 8th. UBS Group set a €52.50 ($61.05) target price on Brenntag and gave the stock a buy rating in a research report on Monday, August 5th. Finally, Kepler Capital Markets set a €56.00 ($65.12) target price on Brenntag and gave the stock a buy rating in a research report on Thursday, May 9th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of €52.64 ($61.21).
FRA:BNR opened at €40.13 ($46.66) on Monday. Brenntag has a 52 week low of €43.06 ($50.07) and a 52 week high of €56.25 ($65.41). The stock’s 50 day moving average price is €43.61 and its 200 day moving average price is €44.55.
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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