Morgan Stanley Initiates Coverage on Brenntag (OTCMKTS:BNTGY)

Stock analysts at Morgan Stanley began coverage on shares of Brenntag (OTCMKTS:BNTGYGet Rating) in a research report issued on Wednesday, The Fly reports. The brokerage set an “overweight” rating on the stock.

A number of other brokerages also recently issued reports on BNTGY. Citigroup downgraded Brenntag from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 29th. Barclays downgraded Brenntag from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 12th. Finally, The Goldman Sachs Group initiated coverage on Brenntag in a research report on Tuesday, January 10th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $96.00.

Brenntag Trading Up 0.7 %

Shares of BNTGY stock opened at $14.78 on Wednesday. The company has a market capitalization of $11.42 billion, a P/E ratio of 12.74 and a beta of 1.20. The business’s 50 day moving average is $13.26 and its two-hundred day moving average is $13.02. Brenntag has a 12-month low of $10.37 and a 12-month high of $18.08.

About Brenntag

(Get Rating)

Brenntag SE purchases and supplies various industrial and specialty chemicals, and ingredients in Europe, the Middle East, Africa, North America, Latin America, the Asia Pacific, and internationally. The company operates through the divisions Brenntag Essentials and Brenntag Specialties. It provides value-added services, such as just-in-time delivery, product mixing, blending, repackaging, inventory management, and drum return handling, as well as technical and laboratory services for specialty chemicals.

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