Baader Bank set a €50.00 ($58.14) target price on Brenntag (FRA:BNR) in a research note published on Wednesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
BNR has been the topic of a number of other reports. Goldman Sachs Group set a €57.00 ($66.28) price objective on shares of Brenntag and gave the company a buy rating in a research note on Wednesday. JPMorgan Chase & Co. set a €50.00 ($58.14) price objective on shares of Brenntag and gave the company a buy rating in a research note on Tuesday, July 16th. Independent Research set a €44.00 ($51.16) target price on shares of Brenntag and gave the company a neutral rating in a report on Wednesday, July 17th. Kepler Capital Markets set a €56.00 ($65.12) target price on shares of Brenntag and gave the company a buy rating in a report on Thursday, May 9th. Finally, Warburg Research set a €50.00 ($58.14) target price on shares of Brenntag and gave the company a buy rating in a report on Thursday, July 18th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Brenntag has an average rating of Buy and an average price target of €52.71 ($61.29).
Shares of FRA BNR opened at €42.62 ($49.56) on Wednesday. Brenntag has a 52 week low of €43.06 ($50.07) and a 52 week high of €56.25 ($65.41). The company has a 50-day simple moving average of €43.76.
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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