Solvay SA (OTC:SLVYY) Given Consensus Rating of “Hold” by Brokerages

Solvay SA (OTC:SLVYY – Get Rating) has earned a consensus recommendation of “Reduce” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $110.00.

Several research firms recently commented on SLVYY. Credit Suisse Group cut shares of Solvay from an “outperform” rating to an “underperform” rating in a research note on Tuesday, November 29th. Barclays cut shares of Solvay from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, February 22nd.

Solvay Stock Performance

Shares of SLVYY opened at $10.02 on Friday. The stock has a fifty day moving average price of $11.39 and a 200 day moving average price of $9.92. Solvay has a 12 month low of $7.38 and a 12 month high of $12.08.

Solvay Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, February 1st. Shareholders of record on Monday, January 16th were given a dividend of $0.0751 per share. This represents a dividend yield of 1.96%. The ex-dividend date of this dividend was Friday, January 13th.

About Solvay

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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, aircraft, and healthcare industries; and composite materials for aerospace engineered materials market.