Clariant AG (OTCMKTS:CLZNY) Receives Consensus Recommendation of “Hold” from Brokerages

Clariant AG (OTCMKTS:CLZNY) has been given a consensus rating of “Hold” by the six research firms that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation.

A number of equities analysts recently issued reports on the company. UBS Group lowered Clariant from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. Citigroup cut Clariant from a “buy” rating to a “hold” rating in a research note on Thursday, December 11th. Finally, Jefferies Financial Group cut shares of Clariant from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, November 11th.

Clariant Stock Performance

OTCMKTS CLZNY opened at $8.83 on Monday. Clariant has a 52 week low of $8.45 and a 52 week high of $13.40. The company has a 50-day moving average price of $8.88 and a two-hundred day moving average price of $9.77.

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.