Solvay SA (OTCMKTS:SLVYY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Solvay SA (OTCMKTS:SLVYY) have received a consensus recommendation of “Hold” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a strong buy recommendation to the company.

Several brokerages have recently weighed in on SLVYY. Deutsche Bank Aktiengesellschaft upgraded shares of Solvay from a “sell” rating to a “hold” rating in a report on Wednesday, June 10th. Zacks Research upgraded Solvay to a “strong-buy” rating in a research note on Thursday, July 2nd.

Solvay Price Performance

Shares of OTCMKTS SLVYY opened at $3.00 on Thursday. Solvay has a 12-month low of $2.77 and a 12-month high of $3.38. The company’s fifty day simple moving average is $2.99 and its 200 day simple moving average is $3.05.

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.