Berenberg Bank Reiterates “€57.00” Price Target for Brenntag (BNR)
Brenntag (FRA:BNR) has been assigned a €57.00 ($70.37) price objective by investment analysts at Berenberg Bank in a note issued to investors on Wednesday. The brokerage currently has a “neutral” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 15.17% from the stock’s previous close.
A number of other research analysts have also weighed in on BNR. equinet set a €59.80 ($73.83) target price on shares of Brenntag and gave the company a “buy” rating in a report on Wednesday. Kepler Capital Markets set a €64.00 ($79.01) target price on shares of Brenntag and gave the company a “buy” rating in a report on Wednesday. Goldman Sachs Group set a €56.00 ($69.14) price objective on shares of Brenntag and gave the stock a “neutral” rating in a research note on Wednesday. Hauck & Aufhaeuser set a €62.50 ($77.16) price objective on shares of Brenntag and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, Commerzbank set a €59.00 ($72.84) price objective on shares of Brenntag and gave the stock a “neutral” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of €57.93 ($71.52).
Brenntag (BNR) traded down €3.19 ($3.94) during mid-day trading on Wednesday, hitting €49.49 ($61.10). 800 shares of the company were exchanged. Brenntag has a 1 year low of €43.06 ($53.16) and a 1 year high of €56.25 ($69.44). The stock has a market capitalization of $7,530.00 and a price-to-earnings ratio of 19.11.
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Brenntag AG, a chemical distribution company, provides distribution solutions for industrial and specialty chemicals worldwide. 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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