Brenntag (OTCMKTS:BNTGY) Sees Large Volume Increase – Here’s What Happened

Brenntag AG (OTCMKTS:BNTGY) saw unusually-high trading volume on Tuesday . Approximately 91,236 shares were traded during trading, an increase of 160% from the previous session’s volume of 35,158 shares.The stock last traded at $10.48 and had previously closed at $10.46.

Analysts Set New Price Targets

Several research firms have recently issued reports on BNTGY. Morgan Stanley lowered shares of Brenntag from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 6th. Citigroup reaffirmed a “neutral” rating on shares of Brenntag in a research note on Friday, November 14th. Finally, Barclays raised Brenntag to a “hold” rating in a research report on Thursday, January 15th. Six equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Brenntag currently has an average rating of “Reduce” and a consensus price target of $12.80.

Brenntag Stock Performance

The firm has a market capitalization of $7.59 billion, a PE ratio of 16.44 and a beta of 0.75. The stock has a fifty day moving average price of $12.15 and a 200-day moving average price of $11.79.

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.