HSBC Reiterates “€58.50” Price Target for Brenntag (FRA:BNR)

HSBC set a €58.50 ($68.02) target price on Brenntag (FRA:BNR) in a research note released on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

BNR has been the topic of several other reports. JPMorgan Chase & Co. set a €50.00 ($58.14) price objective on shares of Brenntag and gave the stock a buy rating in a research report on Wednesday, November 6th. Deutsche Bank set a €50.00 ($58.14) target price on shares of Brenntag and gave the company a neutral rating in a research report on Monday. Bankhaus Lampe set a €54.00 ($62.79) price target on shares of Brenntag and gave the stock a buy rating in a research note on Wednesday, November 6th. Warburg Research set a €50.00 ($58.14) price target on shares of Brenntag and gave the stock a buy rating in a report on Wednesday, November 6th. Finally, Goldman Sachs Group set a €56.00 ($65.12) price objective on shares of Brenntag and gave the company a buy rating in a research report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of €51.00 ($59.30).

Shares of BNR opened at €48.14 ($55.98) on Tuesday. Brenntag has a 12-month low of €43.06 ($50.07) and a 12-month high of €56.25 ($65.41). The stock has a 50-day moving average price of €46.86 and a 200-day moving average price of €44.47.

Brenntag Company Profile

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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Analyst Recommendations for Brenntag (FRA:BNR)

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