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

Shares of Solvay SA (OTCMKTS:SLVYYGet Free Report) have earned a consensus rating of “Reduce” from the six ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company.

SLVYY has been the topic of several research analyst reports. Zacks Research lowered shares of Solvay from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft upgraded shares of Solvay from a “sell” rating to a “hold” rating in a report on Wednesday, June 10th.

Check Out Our Latest Analysis on Solvay

Solvay Stock Up 2.1%

Shares of SLVYY stock opened at $2.97 on Friday. Solvay has a 1 year low of $2.77 and a 1 year high of $3.38. The firm’s fifty day simple moving average is $2.96 and its 200 day simple moving average is $3.01.

About Solvay

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Solvay SA is a Belgium-based chemical company that develops and manufactures essential materials and chemical solutions for industrial and consumer applications. Its portfolio includes soda ash, sodium bicarbonate, hydrogen peroxide, silica, specialty chemicals and related products used in areas such as construction, glass manufacturing, water treatment, detergents, pulp and paper, food, agriculture and healthcare.

The company serves customers across a range of industries, including automotive, aerospace, electronics, consumer goods and energy.

Further Reading

Analyst Recommendations for Solvay (OTCMKTS:SLVYY)

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