Barclays cut shares of Brenntag (OTCMKTS:BNTGY – Get Rating) from an equal weight rating to an underweight rating in a research report sent to investors on Monday morning, The Fly reports.
Several other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. lowered Brenntag from an overweight rating to a neutral rating in a research note on Tuesday, March 14th. Jefferies Financial Group initiated coverage on Brenntag in a research note on Tuesday, February 7th. They issued a hold rating on the stock. Citigroup raised Brenntag from a neutral rating to a buy rating in a research note on Wednesday, February 15th. Finally, Morgan Stanley initiated coverage on Brenntag in a research note on Wednesday, January 25th. They set an overweight rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Brenntag currently has an average rating of Moderate Buy and a consensus target price of $99.00.
Brenntag Price Performance
Shares of OTCMKTS:BNTGY opened at $15.81 on Monday. Brenntag has a fifty-two week low of $10.37 and a fifty-two week high of $16.71. The business has a 50-day moving average of $15.62 and a two-hundred day moving average of $14.56. The stock has a market capitalization of $12.21 billion, a P/E ratio of 12.26 and a beta of 1.22.
Brenntag Company Profile
Brenntag SE engages in the production and distribution of chemicals. It operates through the following geographical segments: Brenntag Essentials and Brenntag Specialties. The Brenntag Essentials segment markets a portfolio of process chemicals to the industries and applications. The Brenntag Specialties segment focuses on selling ingredients and value-added services to the selected industries Nutrition, Pharma, Personal Care/HI&I(Home, Industrial & Institutional), Material Science (Coatings & Constructions, Polymers, Rubber), Water Treatment and Lubricants.
- Get a free copy of the StockNews.com research report on Brenntag (BNTGY)
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