Solvay SA (OTCMKTS:SLVYY) Receives Average Recommendation of “Reduce” from Analysts

Solvay SA (OTCMKTS:SLVYY) has been assigned an average rating of “Reduce” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company.

SLVYY has been the subject of a number of research reports. Oddo Bhf downgraded Solvay to a “neutral” rating in a research note on Tuesday, February 17th. Barclays reaffirmed an “underweight” rating on shares of Solvay in a report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft lowered Solvay from a “hold” rating to a “sell” rating in a research report on Monday, November 24th. Finally, Sanford C. Bernstein lowered Solvay to a “market perform” rating in a research report on Thursday, January 8th.

Solvay Price Performance

SLVYY opened at $2.78 on Friday. The company has a 50-day moving average of $3.06 and a 200-day moving average of $3.11. Solvay has a 1-year low of $2.77 and a 1-year high of $3.85.

Solvay Company Profile

Solvay SA provides advanced materials and specialty chemicals worldwide. It operates through four segments: Materials, Chemicals, Solutions, and Corporate & Business Services. The Materials segment offers specialty polymers, including aromatic polymers, high barrier polymers, and fluoropolymers for the electronics, automotive, aerospace, and healthcare industries; and composite materials for aerospace engineered materials market. The Chemicals segment produces and sells soda ash and sodium bicarbonate primarily to the flat and container glass industries, as well as for use in detergents, pharmaceutical, and feed and food industries; hydrogen peroxide for use primarily in the paper industry to bleach pulp, as well as chemicals, electronics, food, mining, and environment; and dispersible silica for tire manufacturers; and solvent solutions, phenols and derivatives, polyamide derivatives and smart, functional, and sustainable yarns and polymers.