Solvay SA (OTC:SLVYY) Given Average Recommendation of “Reduce” by Analysts

Solvay SA (OTC:SLVYY) has been assigned a consensus recommendation of “Reduce” from the six brokerages that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company.

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

Solvay Stock Performance

SLVYY opened at $2.96 on Friday. The stock’s 50 day moving average price is $3.09 and its 200 day moving average price is $3.12. Solvay has a 12 month low of $2.80 and a 12 month high of $3.86.

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.