Clariant (OTCMKTS:CLZNY) Trading 1.6% Higher

Clariant AG (OTCMKTS:CLZNY) shares shot up 1.6% on Thursday . The stock traded as high as $21.49 and last traded at $21.49. 3,577 shares changed hands during trading, an increase of 170% from the average session volume of 1,326 shares. The stock had previously closed at $21.15.

CLZNY has been the subject of several recent analyst reports. UBS Group restated a “neutral” rating on shares of Clariant in a research report on Wednesday, October 13th. Morgan Stanley upped their price target on shares of Clariant from CHF 20 to CHF 21 in a research report on Friday. Barclays restated an “equal weight” rating on shares of Clariant in a research note on Thursday, November 4th. Jefferies Financial Group began coverage on shares of Clariant in a research report on Thursday, October 14th. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. raised shares of Clariant from an “underweight” rating to a “neutral” rating in a report on Tuesday, December 7th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $21.00.

The company’s fifty day simple moving average is $20.91 and its 200 day simple moving average is $20.72.

Clariant Company Profile (OTCMKTS:CLZNY)

Clariant AG engages in the development, manufacture, distribution, and sale of specialty chemicals. It operates through the following segments: Care Chemicals; Catalysis; Natural Resources; Plastics and Coatings; and Corporate. The Care Chemicals segment comprises the industrial and consumer specialties business unit (BU), food additives as well as the industrial biotechnology business.

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