Clariant AG (OTCMKTS:CLZNY) Receives Consensus Rating of “Hold” from Analysts

Shares of Clariant AG (OTCMKTS:CLZNY) have been given an average recommendation of “Hold” by the six research firms that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating.

Several research firms have recently issued reports on CLZNY. UBS Group lowered Clariant from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. Jefferies Financial Group downgraded Clariant from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, November 11th. Citigroup lowered Clariant from a “buy” rating to a “hold” rating in a research report on Thursday, December 11th. Finally, The Goldman Sachs Group downgraded shares of Clariant from a “buy” rating to a “sell” rating in a report on Tuesday.

Clariant Stock Performance

Clariant stock opened at $10.77 on Tuesday. Clariant has a fifty-two week low of $8.45 and a fifty-two week high of $13.36. The firm’s 50-day simple moving average is $9.23 and its 200 day simple moving average is $9.46.

About Clariant

Clariant AG is a Switzerland-based specialty chemicals company that traces its roots back to a spin-off from Sandoz in 1995. Headquartered in Muttenz near Basel, the firm develops, manufactures and markets a broad portfolio of chemical solutions for industries worldwide. While its primary listing is on the SIX Swiss Exchange, Clariant’s shares also trade OTC under the symbol CLZNY, reflecting its global investor reach.

The company operates through three core segments: Care Chemicals, Catalysis and Natural Resources.