Solvay SA (OTC:SLVYY) Receives Average Rating of “Reduce” from Brokerages

Solvay SA (OTC:SLVYY) has been given an average recommendation of “Reduce” by the five brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company.

Several brokerages have weighed in on SLVYY. Sanford C. Bernstein cut shares of Solvay to a “market perform” rating in a research note on Thursday, January 8th. Oddo Bhf downgraded shares of Solvay to a “neutral” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft downgraded Solvay from a “hold” rating to a “sell” rating in a research report on Monday, November 24th.

Solvay Stock Down 0.9%

Shares of OTC SLVYY opened at $3.30 on Tuesday. The stock’s fifty day moving average price is $3.10 and its two-hundred day moving average price is $3.14. Solvay has a one year low of $2.80 and a one year 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.