Clariant AG (OTCMKTS:CLZNY) Receives Average Rating of “Hold” from Brokerages

Shares of Clariant AG (OTCMKTS:CLZNY) have been given a consensus recommendation of “Hold” by the eight analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company.

Several equities analysts recently issued reports on CLZNY shares. Zacks Research raised Clariant from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. The Goldman Sachs Group raised Clariant from a “neutral” rating to a “buy” rating in a report on Wednesday. Barclays upgraded Clariant to an “overweight” rating in a research report on Monday, August 3rd. Morgan Stanley downgraded Clariant from an “overweight” rating to an “underweight” rating in a research note on Monday, July 20th. Finally, Jefferies Financial Group upgraded shares of Clariant from a “moderate sell” rating to a “hold” rating in a research report on Thursday, August 6th.

Clariant Price Performance

Shares of OTCMKTS:CLZNY opened at $12.23 on Friday. The business’s 50 day simple moving average is $10.16 and its 200-day simple moving average is $10.16. Clariant has a 12 month low of $8.45 and a 12 month high of $12.24.

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.