Brenntag (OTCMKTS:BNTGY) Rating Lowered to “Hold” at Berenberg Bank

Brenntag (OTCMKTS:BNTGY) was downgraded by investment analysts at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Separately, DZ Bank cut Brenntag from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, Brenntag has a consensus rating of “Hold”.

Brenntag Stock Performance

Shares of OTCMKTS BNTGY opened at $13.20 on Thursday. Brenntag has a 52 week low of $11.09 and a 52 week high of $15.07. The stock has a market capitalization of $9.53 billion, a P/E ratio of 16.71 and a beta of 0.87. The stock’s fifty day moving average is $13.44 and its 200 day moving average is $12.96.

Brenntag (OTCMKTS:BNTGY) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). Brenntag had a return on equity of 11.47% and a net margin of 3.24%. Equities research analysts forecast that Brenntag will post 0.9 earnings per share 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.