Brenntag (OTCMKTS:BNTGY) Sees Large Volume Increase – What’s Next?

Brenntag AG (OTCMKTS:BNTGY) saw unusually-strong trading volume on Monday . Approximately 135,318 shares were traded during mid-day trading, an increase of 120% from the previous session’s volume of 61,499 shares.The stock last traded at $11.1680 and had previously closed at $11.49.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BNTGY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Brenntag in a research report on Wednesday, September 24th. Zacks Research raised shares of Brenntag from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. BNP Paribas initiated coverage on shares of Brenntag in a research report on Monday, October 20th. They set a “neutral” rating and a $12.80 target price on the stock. Citigroup reissued a “neutral” rating on shares of Brenntag in a research report on Friday, November 14th. Finally, UBS Group lowered Brenntag from a “hold” rating to a “sell” rating in a report on Friday, October 10th. Six analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Brenntag presently has an average rating of “Reduce” and an average target price of $12.80.

Brenntag Stock Down 2.7%

The business’s 50 day moving average is $11.40 and its 200-day moving average is $12.33. The firm has a market capitalization of $8.07 billion, a P/E ratio of 17.47 and a beta of 0.75.

Brenntag (OTCMKTS:BNTGY) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Brenntag had a return on equity of 9.18% and a net margin of 2.66%.The company had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.32 billion. Research analysts forecast that Brenntag AG will post 0.9 EPS for the current fiscal year.

About Brenntag

Brenntag SE purchases and supplies various industrial and specialty chemicals, and ingredients in Germany, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates in two segments, Brenntag Essentials and Brenntag Specialties. It provides just-in-time delivery, product mixing, blending, repackaging, inventory management, and drum return handling.