In a report issued on January 11, Torsten Sauter from Kepler Capital maintained a Buy rating on Clariant AG (CLZNF), with a price target of CHF20.00. The company’s shares closed last Thursday at $20.10.
According to TipRanks.com, Sauter is a 3-star analyst with an average return of 4.1% and a 55.6% success rate. Sauter covers the Industrial Goods sector, focusing on stocks such as Implenia AG, Sulzer AG, and ABB.
Currently, the analyst consensus on Clariant AG is a Hold with an average price target of $20.06.
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The company has a one-year high of $19.80 and a one-year low of $15.11. Currently, Clariant AG has an average volume of 7.
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Clariant AG engages in the development, manufacture, distribution, and sale of specialty chemicals. It operates through the following segments: Care Chemicals; Catalysis; Natural Resources;Plastics and Coatings; and Corporate. The Care Chemicals segment comprises the industrial and consumer specialties business unit (BU), food additives as well as the industrial biotechnology business. The Catalysis segment develops, manufactures, and sells a catalyst product for the chemical, fuel, and automotive industries. The Natural Resources segment comprises BUs oil and mining services and functional minerals. The Plastics and Coatings segment includes the BUs additives, pigments, and masterbatches. The company was founded in 1995 and is headquartered in Muttenz, Switzerland.
