Clariant (OTCMKTS:CLZNY) Stock Rating Raised to “Strong-Buy” at Jefferies Financial Group

Clariant (OTCMKTS:CLZNY) was upgraded by equities researchers at Jefferies Financial Group from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

A number of other equities analysts also recently issued reports on CLZNY. Morgan Stanley reaffirmed an “underweight” rating on shares of Clariant in a report on Tuesday, October 6th. The Goldman Sachs Group upgraded shares of Clariant to a “strong-buy” rating in a report on Thursday, August 20th. Berenberg Bank raised shares of Clariant from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Deutsche Bank upgraded shares of Clariant from a “hold” rating to a “buy” rating in a report on Monday, August 3rd. Finally, Barclays raised shares of Clariant to an “overweight” rating in a research report on Monday, August 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Clariant Stock Performance

CLZNY opened at $13.18 on Tuesday. The company’s fifty day moving average price is $12.75 and its two-hundred day moving average price is $11.03. Clariant has a 1-year low of $8.45 and a 1-year 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.