Alembic Global analyst Hassan Ahmed maintained a Sell rating on Celanese Corp (CE) yesterday and set a price target of $95. The company’s shares closed yesterday at $104.47.
Ahmed commented:
“We expect Celanese shares to be flattish tomorrow on relatively inline results and guidance.”
According to TipRanks.com, Ahmed is a 1-star analyst with an average return of -2.6% and a 39.3% success rate. Ahmed covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, Venator Materials Plc, and LyondellBasell.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Celanese Corp with a $114 average price target.
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The company has a one-year high of $119.29 and a one-year low of $82.91. Currently, Celanese Corp has an average volume of 1.06M.
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Celanese Corp. engages in the provision of technology and specialty materials businesses. It operates through the following segments: Engineered Materials, Acetate Tow, Acetyl Chain and Other Activities .The Engineered Materials segment includes the engineered materials business, food ingredients business and certain strategic affiliates.
