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

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

Several research firms recently commented on CLZNY. The Goldman Sachs Group raised shares of Clariant from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Morgan Stanley downgraded shares of Clariant from an “overweight” rating to an “underweight” rating in a research note on Monday. Finally, Zacks Research lowered shares of Clariant from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th.

Clariant Price Performance

CLZNY stock opened at $9.70 on Monday. Clariant has a one year low of $8.45 and a one year high of $12.16. The company’s 50 day moving average price is $9.71 and its two-hundred day moving average price is $9.93.

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.