Credit Suisse Group set a €49.00 ($56.98) target price on Brenntag (FRA:BNR) in a report released on Tuesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
BNR has been the subject of a number of other research reports. JPMorgan Chase & Co. set a €50.00 ($58.14) price target on Brenntag and gave the stock a buy rating in a research note on Tuesday, July 16th. Warburg Research set a €50.00 ($58.14) price target on Brenntag and gave the stock a buy rating in a research note on Thursday, July 18th. Goldman Sachs Group set a €57.00 ($66.28) price target on Brenntag and gave the stock a buy rating in a research note on Wednesday, July 17th. Deutsche Bank set a €52.00 ($60.47) price target on Brenntag and gave the stock a buy rating in a research note on Thursday, July 18th. Finally, Nord/LB set a €45.00 ($52.33) price target on Brenntag and gave the stock a neutral rating in a research note on Friday, May 24th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of €52.58 ($61.14).
Shares of FRA:BNR traded down €1.50 ($1.74) during midday trading on Tuesday, hitting €43.42 ($50.49). The company had a trading volume of 138,309 shares. Brenntag has a 12-month low of €43.06 ($50.07) and a 12-month high of €56.25 ($65.41). The business has a fifty day simple moving average of €43.74.
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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