Brenntag (OTCMKTS:BNTGY) Sees Strong Trading Volume – Here’s Why

Brenntag AG (OTCMKTS:BNTGY) saw unusually-strong trading volume on Monday . Approximately 368,687 shares traded hands during mid-day trading, an increase of 530% from the previous session’s volume of 58,567 shares.The stock last traded at $11.14 and had previously closed at $11.3860.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BNTGY. Zacks Research upgraded Brenntag from a “strong sell” rating to a “hold” rating in a research report on Friday, October 17th. BNP Paribas initiated coverage on shares of Brenntag in a report on Monday, October 20th. They issued a “neutral” rating and a $12.80 price target for the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Brenntag in a research note on Wednesday, September 24th. Citigroup reissued a “neutral” rating on shares of Brenntag in a report on Friday. Finally, UBS Group cut shares of Brenntag from a “hold” rating to a “sell” rating in a report on Friday, October 10th. Six investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Brenntag has a consensus rating of “Reduce” and an average target price of $12.80.

Brenntag Trading Up 1.4%

The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 17.34 and a beta of 0.86. The company’s 50 day simple moving average is $11.54 and its 200-day simple moving average is $12.53.

Brenntag (OTCMKTS:BNTGY) last announced its earnings results on Wednesday, November 12th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.32 billion. Brenntag had a return on equity of 9.19% and a net margin of 2.62%. Sell-side analysts anticipate that Brenntag AG will post 0.9 EPS for the current 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.