Brenntag (FRA:BNR) received a €52.50 ($61.05) target price from equities researchers at UBS Group in a research report issued to clients and investors on Thursday, September 26th, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target points to a potential upside of 18.64% from the stock’s current price.
A number of other brokerages also recently issued reports on BNR. HSBC set a €50.50 ($58.72) price target on Brenntag and gave the stock a “buy” rating in a research report on Monday, September 2nd. Goldman Sachs Group set a €56.00 ($65.12) target price on Brenntag and gave the company a “buy” rating in a research report on Wednesday, August 14th. Berenberg Bank set a €60.00 ($69.77) target price on Brenntag and gave the company a “buy” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. set a €50.00 ($58.14) target price on Brenntag and gave the company a “buy” rating in a research report on Wednesday, August 28th. Finally, Jefferies Financial Group set a €44.00 ($51.16) target price on Brenntag and gave the company a “neutral” rating in a research report on Monday, August 19th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of €51.49 ($59.87).
Shares of BNR traded up €1.25 ($1.45) during mid-day trading on Thursday, reaching €44.25 ($51.45). The company had a trading volume of 401,388 shares. The stock has a 50 day moving average of €44.44 and a two-hundred day moving average of €44.53. Brenntag has a 52-week low of €43.06 ($50.07) and a 52-week high of €56.25 ($65.41).
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.
Read More: How to execute a trade ex-dividend strategy?
Receive News & Ratings for Brenntag Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brenntag and related companies with MarketBeat.com's FREE daily email newsletter.