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

The Goldman Sachs Group upgraded shares of Clariant (OTCMKTS:CLZNY) to a strong-buy rating in a research report released on Thursday morning,Zacks.com reports.

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

Clariant Stock Performance

OTCMKTS:CLZNY opened at $13.23 on Thursday. The firm’s fifty day simple moving average is $10.63 and its 200 day simple moving average is $10.33. Clariant has a twelve month low of $8.45 and a twelve month high of $13.96.

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.