Solvay SA Rating Lowered to Underweight at Barclays Capital (SOL)
Solvay SA (EU:SOL) was downgraded by research analysts at Barclays Capital from an “equal weight” rating to an “underweight” rating in a report released on Thursday, Stock Ratings Network.com reports.
Several other analysts have also recently commented on the stock. Analysts at AlphaValue reiterated an “add” rating on shares of Solvay SA (EU:SOL) in a research note to investors on Thursday, July 11th. They now have a €111.00 ($150.00) price target on the stock. Analysts at Main First Bank AG reiterated an “underperform” rating on shares of Solvay SA (EU:SOL) in a research note to investors on Wednesday, July 10th. They now have a €108.00 ($145.95) price target on the stock. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $104.40.
Shares of Solvay SA (EU:SOL) traded down 1.17% during mid-day trading on Thursday, hitting $5.07. 5,042,173 shares of the company’s stock traded hands. Solvay SA has a one year low of $1.08 and a one year high of $5.97. The stock has a 50-day moving average of $4.57 and a 200-day moving average of $2.91. The company’s market cap is $438.2 million.
ReneSola Ltd (EU:SOL) is a global manufacturer of solar wafers and producer of solar power products based in the People’s Republic of China.
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