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

Brenntag AG (OTCMKTS:BNTGY) shares saw unusually-high trading volume on Tuesday . Approximately 91,236 shares were traded during trading, an increase of 160% from the previous session’s volume of 35,158 shares.The stock last traded at $10.48 and had previously closed at $10.46.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Morgan Stanley downgraded Brenntag from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, January 6th. Barclays raised Brenntag to a “hold” rating in a research note on Thursday, January 15th. Finally, Citigroup reissued a “neutral” rating on shares of Brenntag in a report on Friday, November 14th. Six research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Brenntag currently has an average rating of “Reduce” and an average target price of $12.80.

Brenntag Trading Up 3.7%

The company has a market capitalization of $7.79 billion, a P/E ratio of 16.86 and a beta of 0.75. The stock has a 50 day moving average price of $12.11 and a 200 day moving average price of $11.77.

About Brenntag

Brenntag SE, trading on OTCMKTS as BNTGY, is a global market leader in the distribution of chemicals and ingredients. With headquarters in Essen, Germany, the company serves a wide range of industries including coatings and construction, cleaning and water treatment, food and nutrition, pharmaceuticals and personal care, as well as oil and gas. Brenntag operates through two core segments—Essentials and Specialties—offering both standard commodity chemicals and tailored specialty solutions to customers around the world.

Its product portfolio encompasses inorganic and organic chemicals, polymers, petrochemicals and specialty ingredients.