Clariant AG (OTCMKTS:CLZNY) Given Average Recommendation of “Hold” by Brokerages

Shares of Clariant AG (OTCMKTS:CLZNY) have earned a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating.

Several equities research analysts recently commented on CLZNY shares. Citigroup downgraded shares of Clariant from a “buy” rating to a “hold” rating in a research report on Thursday, December 11th. Jefferies Financial Group downgraded shares of Clariant from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, November 11th. Finally, UBS Group cut shares of Clariant from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th.

Clariant Price Performance

Shares of CLZNY stock opened at $9.16 on Friday. The business’s 50-day moving average price is $9.00 and its 200-day moving average price is $9.59. Clariant has a 12 month low of $8.45 and a 12 month high of $13.36.

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.