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KeyBanc disclosed Celanese (NYSE:CE), hiking its price target to $80.00 today

Yesterday Celanese (NYSE:CE) traded -0.80% lower at $66.58. The company’s 50-day moving average is $64.21 and its 200-day moving average is $67.29. The last closing price is down -1.85% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,682,806 shares of the stock were exchanged, up from an average trading volume of 981,915

Celanese (NYSE:CE) had its target price raised to $80.00 by KeyBanc in a report released 10/07/2016. The new target price indicates a possible upside of 0.20% based on the company's last closing price.

See Chart Below

Celanese (NYSE:CE)

Celanese has a 52 week low of $55.07 and a 52 week high of $74.55 with a P/E ratio of 28.68 The company’s market cap is currently $0.

In addition to KeyBanc reporting its target price, a total of 14 brokers have issued a report on the stock. The consensus target price is $76.79 with 2 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 9 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

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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