Solvay SA (OTCMKTS:SLVYY) Receives Average Recommendation of “Hold” from Brokerages

Shares of Solvay SA (OTCMKTS:SLVYY) have received a consensus rating of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating on the company.

SLVYY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Solvay from a “sell” rating to a “hold” rating in a report on Wednesday, June 10th. Zacks Research raised shares of Solvay to a “strong-buy” rating in a research report on Thursday, July 2nd.

Solvay Stock Performance

Shares of Solvay stock opened at $3.02 on Thursday. The stock’s fifty day moving average price is $2.99 and its 200-day moving average price is $3.05. Solvay has a 12 month low of $2.77 and a 12 month high of $3.38.

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.