Clariant AG (OTCMKTS:CLZNY) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Clariant AG (OTCMKTS:CLZNY) have been assigned a consensus recommendation of “Reduce” from the five analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company.

CLZNY has been the topic of a number of recent analyst reports. Morgan Stanley lowered Clariant from an “overweight” rating to an “underweight” rating in a research note on Monday. The Goldman Sachs Group upgraded Clariant from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Finally, Zacks Research lowered Clariant from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th.

Clariant Price Performance

Clariant stock opened at $9.70 on Monday. Clariant has a fifty-two week low of $8.45 and a fifty-two week high of $12.16. The firm has a fifty day moving average price of $9.70 and a two-hundred day moving average price of $9.94.

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.