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

Shares of Solvay SA (OTCMKTS:SLVYY) have earned a consensus rating of “Reduce” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company.

A number of equities research analysts have commented on SLVYY shares. Deutsche Bank Aktiengesellschaft upgraded shares of Solvay from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Zacks Research cut shares of Solvay from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st.

Solvay Price Performance

SLVYY stock opened at $2.93 on Monday. Solvay has a twelve month low of $2.77 and a twelve month high of $3.38. The business’s 50-day moving average price is $2.99 and its 200-day moving average price is $3.04.

About Solvay

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.