Clariant (OTCMKTS:CLZNY) Stock Rating Raised to “Strong-Buy” at Jefferies Financial Group

Clariant (OTCMKTS:CLZNY) was upgraded by equities researchers at Jefferies Financial Group from a “hold” rating to a “strong-buy” rating in a report released on Tuesday, Zacks reports.

A number of other research firms have also recently weighed in on CLZNY. Morgan Stanley reiterated an “underweight” rating on shares of Clariant in a research note on Tuesday, October 6th. Berenberg Bank upgraded shares of Clariant from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Deutsche Bank raised shares of Clariant from a “hold” rating to a “buy” rating in a report on Monday, August 3rd. Barclays upgraded Clariant to an “overweight” rating in a research note on Monday, August 3rd. Finally, The Goldman Sachs Group raised Clariant to a “strong-buy” rating in a report on Thursday, August 20th. Three investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Clariant Stock Performance

OTCMKTS CLZNY opened at $13.18 on Tuesday. Clariant has a 52-week low of $8.45 and a 52-week high of $13.96. The company has a 50-day simple moving average of $12.75 and a 200 day simple moving average of $11.03.

Clariant Company Profile

Clariant AG is a Switzerland-based specialty chemicals company that develops, manufactures and markets chemical products used in a broad range of industrial and consumer applications. Its offerings include specialty ingredients, surfactants, emulsifiers, preservatives, performance additives, catalysts and adsorbents. The company serves customers in markets such as personal and home care, agriculture, pharmaceuticals, coatings, plastics, automotive, energy and industrial manufacturing. Clariant’s catalysts and adsorbents support chemical processing and purification, while its care chemicals and additives are used to improve the performance, stability or functionality of finished products.