Clariant AG (OTCMKTS:CLZNY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Clariant AG (OTCMKTS:CLZNY) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company.

Several equities research analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of Clariant from a “moderate sell” rating to a “hold” rating in a research report on Thursday, August 6th. Barclays upgraded Clariant to an “overweight” rating in a research note on Monday, August 3rd. Morgan Stanley cut shares of Clariant from an “overweight” rating to an “underweight” rating in a research report on Monday, July 20th. The Goldman Sachs Group upgraded shares of Clariant to a “strong-buy” rating in a research note on Thursday, August 20th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Clariant from a “hold” rating to a “buy” rating in a research report on Monday, August 3rd.

Clariant Price Performance

Shares of Clariant stock opened at $12.68 on Tuesday. The business has a fifty day simple moving average of $11.55 and a two-hundred day simple moving average of $10.61. Clariant has a 1 year low of $8.45 and a 1 year high of $13.96.

Clariant Company Profile

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.