In a report released today, Hassan Ahmed from Alembic Global upgraded Celanese Corp (CE) to Hold, with a price target of $95. The company’s shares closed on Friday at $108.56.
According to TipRanks.com, Ahmed has currently no stars on a ranking scale of 0-5 stars, with an average return of -3.8% and a 37.4% success rate. Ahmed covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, Venator Materials Plc, and LyondellBasell.
Celanese Corp has an analyst consensus of Moderate Buy, with a price target consensus of $118.60, representing a 9.2% upside. In a report issued on April 14, Deutsche Bank also downgraded the stock to Hold.
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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 1.03M.
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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.
