Celanese (NYSE:CE) has been upgraded from Neutral to Buy in a statement by Goldman Sachs today.
- Updated: November 30, 2016
Goldman Sachs has upgraded Celanese (NYSE:CE) from Neutral to Buy in a statement released on 11/30/2016.
On 2/16/2016, Jefferies & Co reported on Celanese (NYSE:CE) increased the target price from $0.00 to $74.00 that suggested an upside of 0.27%.
Just yesterday Celanese (NYSE:CE) traded 2.77% higher at $77.16. CE’s 50-day moving average is $72.72 and its 200-day moving average is $68.26. 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 period. 28,275 shares of CE traded hands, down from an average trading volume of 1,076,760
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Celanese has a 52 week low of $55.07 and a 52 week high of $79.45 with a P/E ratio of 26.35 Celanese’s market capitalization is presently $0.
A total of 14 equity analysts have released a ratings update on CE. Two analysts rating the stock a strong buy, 4 firms rating the stock a buy, 9 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $76.79.
General Information About Celanese (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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