Finally Time For Investors to Buy? Joh. Berenberg Gossler & Co. KG Upgrades Brenntag (ETR:BNR), With EUR 64.00 Target

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Brenntag (ETR:BNR) Stock Upgrade

Brenntag (ETR:BNR) was just upgraded by Joh. Berenberg Gossler & Co. KG to a respectable Buy rating in a recent research report revealed to investors and clients on Thursday morning. The firm now has a EUR 64.00 target PPS on the shares. This target is 25.39% from BNR’s current share price.

From a total of 11 analysts covering Brenntag (ETR:BNR) stock, 4 rate it a ”Buy”, 2 a “Sell”, and 5 a ”Hold”. This means that 36% of the ratings are positive. The highest target price is €65 while the lowest target price is €42. The mean of all analyst targets is €53.10 with a 3.85% above today’s (€51.13) stock price. Brenntag was the topic of 19 analyst reports since July 2, 2015 according to the firm StockzIntelligence Inc. Landesbank maintained shares on November 21 with “Hold” rating. Deutsche Bank upgraded shares to “Buy” rating and €57 target share price in a report from a November 18. UBS maintained BNR stock in a recent report from November 19 with “Neutral” rating. Credit Suisse downgraded the rating on November 12. Credit Suisse has a “Underperform” rating and a €42 price target on shares. Finally, Baader Wertpapierhandelsbank maintained the stock with “Hold” rating in a report issued on a November 19.

The stock decreased 1.10% or EUR 0.57 on December 2, striking EUR 51.13. Approximately 209,942 shares of stock traded hands. Brenntag AG (ETR:BNR) has declined 66.67% since May 6, 2015 and is downtrending. It has underperformed by 66.47% the S&P500.

 Finally Time For Investors to Buy? Joh. Berenberg Gossler & Co. KG Upgrades Brenntag (ETR:BNR), With EUR 64.00 Target

Brenntag AG is a Germany-based company active in the field of full-line chemical distribution. The company has a market cap of 7.90 billion EUR. It provides business-to-business distribution solutions for industrial and specialty chemicals. It has 20.12 P/E ratio. The Firm purchases and stores large-scale quantities of industrial and specialty chemicals and repackages them into smaller quantities.

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