Citi Reaffirms Their Buy Rating on Clariant AG (CLZNF)
In a report released today, Ranulf Orr from Citi maintained a Buy rating on Clariant AG (CLZNF – Research Report), with a price target of CHF14.00. The company’s shares closed last Monday at $10.99.
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According to TipRanks, Orr is an analyst with an average return of -2.3% and a 43.75% success rate. Orr covers the Basic Materials sector, focusing on stocks such as Clariant AG, Croda International, and Johnson Matthey.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Clariant AG with a $13.80 average price target.
Based on Clariant AG’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.08 billion and a net profit of $87 million. In comparison, last year the company earned a revenue of $2.09 billion and had a GAAP net loss of $75 million
