Brenntag (FRA:BNR) received a €55.00 ($63.95) price target from stock analysts at Kepler Capital Markets in a research report issued to clients and investors on Wednesday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. Kepler Capital Markets’ target price points to a potential upside of 14.04% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. Warburg Research set a €50.00 ($58.14) target price on shares of Brenntag and gave the stock a “buy” rating in a research report on Wednesday, November 6th. HSBC set a €50.50 ($58.72) target price on shares of Brenntag and gave the stock a “buy” rating in a research report on Monday, September 2nd. Independent Research set a €46.00 ($53.49) target price on shares of Brenntag and gave the stock a “neutral” rating in a research report on Friday, August 9th. Deutsche Bank set a €50.00 ($58.14) price objective on shares of Brenntag and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, UBS Group set a €52.50 ($61.05) price objective on shares of Brenntag and gave the company a “buy” rating in a research report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of €50.59 ($58.82).
Shares of BNR traded down €0.59 ($0.69) during mid-day trading on Wednesday, reaching €48.23 ($56.08). 375,914 shares of the company’s stock were exchanged. The business’s fifty day simple moving average is €45.01 and its 200-day simple moving average is €44.28. 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.
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