Brenntag (BNR) Given a €49.00 Price Target by Independent Research Analysts

Brenntag (FRA:BNR) received a €49.00 ($56.98) price target from stock analysts at Independent Research in a research note issued on Friday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. Independent Research’s price objective indicates a potential upside of 11.34% from the company’s previous close.

A number of other brokerages also recently issued reports on BNR. Jefferies Financial Group set a €51.00 ($59.30) price objective on Brenntag and gave the stock a “neutral” rating in a research report on Thursday, March 14th. Deutsche Bank set a €52.00 ($60.47) price objective on Brenntag and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Baader Bank set a €50.00 ($58.14) price objective on Brenntag and gave the stock a “buy” rating in a research report on Thursday, April 11th. Berenberg Bank set a €60.00 ($69.77) price objective on Brenntag and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Finally, Goldman Sachs Group set a €55.00 ($63.95) price objective on Brenntag and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of €53.46 ($62.16).

Shares of FRA:BNR opened at €44.01 ($51.17) on Friday. Brenntag has a 12-month low of €43.06 ($50.07) and a 12-month high of €56.25 ($65.41).

About Brenntag

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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Analyst Recommendations for Brenntag (FRA:BNR)

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