Brenntag (OTCMKTS:BNTGY) Shares Gap Up – Here’s What Happened

Brenntag AG (OTCMKTS:BNTGYGet Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $11.1150, but opened at $11.98. Brenntag shares last traded at $12.01, with a volume of 2,109 shares traded.

Analysts Set New Price Targets

Several brokerages recently issued reports on BNTGY. Barclays upgraded shares of Brenntag to a “hold” rating in a research note on Thursday, January 15th. Morgan Stanley cut shares of Brenntag from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 6th. Six investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $12.80.

Read Our Latest Analysis on BNTGY

Brenntag Stock Up 6.9%

The firm’s fifty day moving average price is $12.08 and its two-hundred day moving average price is $11.71. The stock has a market capitalization of $9.18 billion, a PE ratio of 31.02 and a beta of 0.75.

Brenntag (OTCMKTS:BNTGYGet Free Report) last issued its earnings results on Thursday, March 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.28). Brenntag had a return on equity of 5.88% and a net margin of 1.71%.The company had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.22 billion. As a group, analysts predict that Brenntag AG will post 0.9 EPS for the current year.

About Brenntag

(Get Free Report)

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.

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