Clariant AG (OTCMKTS:CLZNY) Given Average Recommendation of “Reduce” by Analysts

Clariant AG (OTCMKTS:CLZNY) has earned a consensus recommendation of “Reduce” from the five analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company.

Several brokerages have weighed in on CLZNY. Zacks Research cut shares of Clariant from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. Morgan Stanley cut shares of Clariant from an “overweight” rating to an “underweight” rating in a research report on Monday. Finally, The Goldman Sachs Group raised shares of Clariant from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th.

Clariant Stock Performance

Shares of Clariant stock opened at $9.70 on Monday. Clariant has a 52-week low of $8.45 and a 52-week high of $12.16. The company’s 50 day moving average price is $9.71 and its 200-day moving average price is $9.93.

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.