Solvay SA (OTCMKTS:SLVYY) Given Average Recommendation of “Reduce” by Brokerages

Solvay SA (OTCMKTS:SLVYY) has received a consensus recommendation of “Reduce” from the six analysts that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company.

A number of research analysts have commented on the stock. Barclays reiterated an “underweight” rating on shares of Solvay in a research note on Wednesday, February 25th. Sanford C. Bernstein downgraded shares of Solvay to a “market perform” rating in a research note on Thursday, January 8th. Finally, Oddo Bhf downgraded shares of Solvay to a “neutral” rating in a research note on Tuesday, February 17th.

Solvay Trading Down 0.1%

OTCMKTS SLVYY opened at $3.06 on Wednesday. Solvay has a 12 month low of $2.77 and a 12 month high of $3.85. The company’s fifty day moving average price is $3.05 and its two-hundred day moving average price is $3.09.

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.