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

Clariant AG (OTCMKTS:CLZNY) has been assigned an average recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company.

A number of research firms recently issued reports on CLZNY. Jefferies Financial Group raised shares of Clariant from a “moderate sell” rating to a “hold” rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Clariant from a “hold” rating to a “buy” rating in a research report on Monday, August 3rd. Barclays raised shares of Clariant to an “overweight” rating in a report on Monday, August 3rd. The Goldman Sachs Group upgraded shares of Clariant from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 12th. Finally, Berenberg Bank raised shares of Clariant from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th.

Clariant Stock Performance

Clariant stock opened at $13.60 on Friday. The business has a 50 day simple moving average of $10.38 and a 200-day simple moving average of $10.25. Clariant has a 12 month low of $8.45 and a 12 month high of $13.60.

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.