Celanese Corporation Celanese C found using ticker (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 average target price we see 127.79. Now with the previous closing price of 124.54 this is indicating there is a potential upside of 2.6%. The day 50 moving average is 117.12 and the 200 moving average now moves to 113.38. The company has a market capitalisation of $13,509m. You can visit the company’s website by visiting: https://www.celanese.com
The potential market cap would be $13,862m 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.