Brenntag (FRA:BNR) received a €60.00 ($69.77) target price from equities researchers at Berenberg Bank in a note issued to investors on Tuesday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 40.06% from the company’s previous close.
Several other equities research analysts have also commented on BNR. Jefferies Financial Group set a €49.00 ($56.98) price objective on Brenntag and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. Kepler Capital Markets set a €56.00 ($65.12) price objective on Brenntag and gave the stock a “buy” rating in a research report on Thursday, April 4th. Deutsche Bank set a €52.00 ($60.47) price objective on Brenntag and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Warburg Research set a €55.00 ($63.95) target price on Brenntag and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, UBS Group set a €52.50 ($61.05) target price on Brenntag and gave the company a “buy” rating in a research report on Thursday, May 9th. Four equities research 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 price target of €53.39 ($62.09).
Brenntag stock opened at €42.84 ($49.81) on Tuesday. Brenntag has a 12 month low of €43.06 ($50.07) and a 12 month 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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