Celanese Corporation Celanese C with ticker code (CE) have now 24 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 150 and 100 calculating the mean target price we have 128. Given that the stocks previous close was at 109.14 this indicates there is a potential upside of 17.3%. There is a 50 day moving average of 118.18 and the 200 moving average now moves to 112.43. The company has a market capitalisation of $11,663m. Company Website: https://www.celanese.com
The potential market cap would be $13,679m based on the market concensus.
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Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through Engineered Materials and Acetyl Chain. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics. It also offers acesulfame potassium for the food and beverage industry, and food protection ingredients, such as potassium sorbate and sorbic acid. The Acetyl Chain segment produces and supplies acetyl products, including acetic acid, vinyl acetate monomers, acetic anhydride, and acetate esters that are used as starting materials for colorants, paints, adhesives, coatings, and pharmaceuticals; and organic solvents and intermediates for pharmaceutical, agricultural, and chemical products. It also offers vinyl acetate-based emulsions for use in paints and coatings, adhesives, construction, glass fiber, textiles, and paper applications; and ethylene vinyl acetate resins and compounds, as well as low-density polyethylene for use in flexible packaging films, lamination film products, hot melt adhesives, automotive parts, and carpeting applications. In addition, it manufactures ultra-high molecular weight polyethylene. Celanese Corporation was founded in 1918 and is headquartered in Irving, Texas.