Solvay SA (OTCMKTS:SLVYY) Given Consensus Rating of “Reduce” by Brokerages

Solvay SA (OTCMKTS:SLVYY) has been assigned a consensus rating of “Reduce” from the six analysts that are currently covering the stock, Marketbeat.com 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 weighed in on SLVYY shares. Barclays reiterated an “underweight” rating on shares of Solvay in a report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft cut Solvay from a “hold” rating to a “sell” rating in a research note on Monday, November 24th. Oddo Bhf downgraded Solvay to a “neutral” rating in a report on Tuesday, February 17th. Finally, Sanford C. Bernstein lowered Solvay to a “market perform” rating in a research report on Thursday, January 8th.

Solvay Price Performance

Shares of Solvay stock opened at $2.95 on Friday. Solvay has a 12-month low of $2.80 and a 12-month high of $3.85. The company’s fifty day simple moving average is $3.08 and its two-hundred day simple moving average is $3.11.

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.