Clariant AG (OTCMKTS:CLZNY) Stock Rated “Moderate Buy” by Wall Street Brokerages

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

A number of analysts recently issued reports on CLZNY shares. Berenberg Bank raised Clariant from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Barclays raised shares of Clariant to an “overweight” rating in a research report on Monday, August 3rd. Zacks Research raised shares of Clariant from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Jefferies Financial Group upgraded shares of Clariant from a “moderate sell” rating to a “hold” rating in a research report on Thursday, August 6th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Clariant in a research note on Tuesday.

Clariant Price Performance

Shares of Clariant stock opened at $13.54 on Friday. Clariant has a 52 week low of $8.45 and a 52 week high of $13.96. The business’s fifty day simple moving average is $12.71 and its 200-day simple moving average is $10.97.

Clariant Company Profile

Clariant AG is a Switzerland-based specialty chemicals company that develops and manufactures products used by industrial and consumer-goods companies. Its portfolio includes specialty ingredients, functional additives, catalysts, adsorbents, and other chemical solutions designed to improve the performance, efficiency, safety, or sustainability of customers’ products and manufacturing processes.

The company operates through businesses focused on Care Chemicals, Catalysts, and Adsorbents & Additives.