Solvay SA (OTCMKTS:SLVYY) Receives Consensus Recommendation of “Reduce” from Brokerages

Solvay SA (OTCMKTS:SLVYY) has earned a consensus rating of “Reduce” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company.

Several equities research analysts recently weighed in on SLVYY shares. Barclays restated an “underweight” rating on shares of Solvay in a report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded Solvay from a “sell” rating to a “hold” rating in a report on Wednesday, June 10th. Finally, Oddo Bhf cut Solvay to a “neutral” rating in a report on Tuesday, February 17th.

Solvay Stock Performance

Shares of SLVYY stock opened at $3.13 on Wednesday. Solvay has a 1-year low of $2.77 and a 1-year high of $3.52. The business has a 50-day moving average of $3.08 and a 200 day moving average of $3.08.

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.