Celanese Corporation (NYSE:CE) price target upped to $92.00, released a ratings update earlier today by Goldman Sachs Group Inc.
- Updated: November 30, 2016
Having a price of $77.16, Celanese Corporation (NYSE:CE) traded 2.77% higher on the day. The last stock close price is up 16.16% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. The company has recorded a 50-day moving average of $72.72 and a 200-day moving average of $68.26. 28,275 shares of the stock were exchanged, down from an average trading volume of 1,076,760
Goldman Sachs Group Inc. bumped up the price target of Celanese Corporation (NYSE:CE) to $92.00 stating a potential upside of 0.19%.
On Tuesday February 16, 2016, Jefferies & Co released a statement on Celanese Corporation (NYSE:CE) upped the target price from $0.00 to $74.00 that suggested an upside of 0.27%.
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Celanese Corporation has a 52 week low of $55.07 and a 52 week high of $79.45 with a P/E ratio of 26.35 The company’s market cap is currently $0.
In addition to Goldman Sachs Group Inc. reporting its target price, a total of 14 firms have reported on the stock. The consensus target price is $76.79 with two equity analysts rating the company a strong buy, four equity analysts rating the company a buy, nine equity analysts rating the company a hold, one equity analyst rating the company a underperform, and lastly zero equity analysts rating the company a sell.
Brief Synopsis About Celanese Corporation (NYSE:CE)
Celanese Corporation (Celanese) is a technology and specialty materials company. The Company operates through four segments: Advanced Engineered Materials, Consumer Specialties, Industrial Specialties and Acetyl Intermediates. Its business involves processing chemical raw materials, such as methanol, carbon monoxide, ethylene and natural products, including wood pulp, into chemicals, thermoplastic polymers and other chemical-based products. It engineers and manufactures a range of products, which serves a range of end-use applications, including paints and coatings, textiles, automotive applications, consumer and medical applications, performance industrial applications, filtration applications, paper and packaging, chemical additives, construction, consumer and industrial adhesives, and food and beverage applications. The Company operates in North America, Europe and Asia and consists of approximately 20 global production facilities.
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