Royal Bank Of Canada Initiates Coverage on Solstice Advanced Mat (NASDAQ:SOLS)

Royal Bank Of Canada assumed coverage on shares of Solstice Advanced Mat (NASDAQ:SOLS) in a note issued to investors on Monday,Benzinga reports. The firm set a “sector perform” rating and a $50.00 price target on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 5.29% from the company’s previous close.

Several other analysts have also recently issued reports on SOLS. UBS Group initiated coverage on shares of Solstice Advanced Mat in a report on Monday, November 3rd. They issued a “buy” rating and a $62.00 price target on the stock. Mizuho initiated coverage on shares of Solstice Advanced Mat in a research note on Friday, October 31st. They issued a “neutral” rating and a $54.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $55.33.

Solstice Advanced Mat Price Performance

NASDAQ:SOLS opened at $47.49 on Monday. The stock has a market capitalization of $7.54 billion and a price-to-earnings ratio of -136,911.76. Solstice Advanced Mat has a 1-year low of $41.00 and a 1-year high of $61.00.

Solstice Advanced Mat Company Profile

Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.