|Bid||0.00 x 11900|
|Ask||0.00 x 60200|
|Day's Range||74.84 - 76.00|
|52 Week Range||43.38 - 78.60|
|Beta (5Y Monthly)||1.15|
|PE Ratio (TTM)||26.05|
|Earnings Date||Aug 10, 2021|
|Forward Dividend & Yield||1.35 (1.78%)|
|Ex-Dividend Date||Jun 11, 2021|
|1y Target Est||51.40|
Brenntag (ISIN DE000A1DAHH0), the global market leader in chemicals and ingredients distribution, reports very strong results in the first quarter 2021 by prudently navigating through fast changing market conditions. The two global divisions Brenntag Essentials and Brenntag Specialties, had a successful start and both contributed strong results.
Brenntag AG (BNTGY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Rating Action: Moody's upgrades Brenntag to Baa2; stable outlookGlobal Credit Research - 17 Mar 2021Frankfurt am Main, March 17, 2021 -- Moody's Investors Service ("Moody's") has today upgraded the issuer rating of Brenntag SE ("Brenntag") to Baa2 from Baa3. Concurrently, Moody's has also upgraded the backed senior unsecured EUR600 million euronotes rating maturing in 2025 to Baa2 from Baa3 of its guaranteed subsidiary Brenntag Finance B.V.. The outlook on both entities has been changed to stable from positive."Today's upgrade with stable outlook recognizes Brenntag's strong operational performance through 2020 and the consistent track record that the company has built in managing its balance sheet relatively conservatively since its IPO in 2010 despite continued investments into the growth of the company.", says Martin Fujerik, Moody's lead analyst for Brenntag.RATINGS RATIONALEToday's action was supported by Brenntag's strong operational performance through 2020, despite the spread of the coronavirus pandemic.