Clariant (OTCMKTS:CLZNY) Rating Increased to Strong-Buy at The Goldman Sachs Group

Clariant (OTCMKTS:CLZNY) was upgraded by stock analysts at The Goldman Sachs Group to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other research firms have also weighed in on CLZNY. Deutsche Bank Aktiengesellschaft upgraded shares of Clariant from a “hold” rating to a “buy” rating in a report on Monday, August 3rd. Berenberg Bank raised shares of Clariant from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Morgan Stanley lowered shares of Clariant from an “overweight” rating to an “underweight” rating in a research report on Monday, July 20th. Zacks Research upgraded Clariant from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. Finally, Barclays raised Clariant to an “overweight” rating in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Clariant Price Performance

Shares of CLZNY opened at $13.23 on Thursday. Clariant has a 12-month low of $8.45 and a 12-month high of $13.96. The firm has a 50-day moving average price of $10.63 and a 200 day moving average price of $10.33.

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.