Clariant AG (CLZNY) – What Are Researchers Saying About This Stock?

Clariant AG (OTCMKTS:CLZNY) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and two have given a strong buy rating to the company.

Several research analysts have issued reports on CLZNY shares. Morgan Stanley reiterated an “underweight” rating on shares of Clariant in a research report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft raised Clariant from a “hold” rating to a “buy” rating in a research note on Monday, August 3rd. Berenberg Bank upgraded Clariant from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Zacks Research raised Clariant from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, The Goldman Sachs Group upgraded Clariant to a “strong-buy” rating in a report on Thursday, August 20th.

Clariant Price Performance

Shares of Clariant stock opened at $12.75 on Wednesday. The firm has a 50 day simple moving average of $12.75 and a 200 day simple moving average of $10.90. Clariant has a fifty-two week low of $8.45 and a fifty-two week high of $13.96.

About Clariant

Clariant AG is a Switzerland-based specialty chemicals company that develops, manufactures and markets chemical products used in a broad range of industrial and consumer applications. Its offerings include specialty ingredients, surfactants, emulsifiers, preservatives, performance additives, catalysts and adsorbents.

The company serves customers in markets such as personal and home care, agriculture, pharmaceuticals, coatings, plastics, automotive, energy and industrial manufacturing. Clariant’s catalysts and adsorbents support chemical processing and purification, while its care chemicals and additives are used to improve the performance, stability or functionality of finished products.

Clariant was formed in 1995 through the spin-off of the specialty chemicals businesses of Sandoz.