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

Solvay SA (OTC:SLVYY – Get Rating) has earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $114.75.

A number of research firms have recently weighed in on SLVYY. Credit Suisse Group cut their price target on shares of Solvay from €121.00 ($128.72) to €98.00 ($104.26) and set an “outperform” rating on the stock in a report on Friday, April 8th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Solvay from €135.00 ($143.62) to €120.00 ($127.66) and set a “buy” rating on the stock in a research report on Tuesday, April 5th. Jefferies Financial Group lowered shares of Solvay from a “hold” rating to an “underperform” rating in a research report on Thursday, May 19th. Societe Generale raised shares of Solvay from a “hold” rating to a “buy” rating in a research note on Wednesday, February 2nd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Solvay from €150.00 ($159.57) to €147.00 ($156.38) and set an “overweight” rating for the company in a research note on Thursday, March 17th.

Solvay stock traded up $0.27 during midday trading on Friday, reaching $9.80. The stock had a trading volume of 527 shares, compared to its average volume of 2,384. Solvay has a twelve month low of $8.75 and a twelve month high of $13.40. The firm has a fifty day moving average of $9.73.

The business also recently disclosed a dividend, which will be paid on Friday, June 3rd. Stockholders of record on Wednesday, May 18th will be paid a $0.1289 dividend. The ex-dividend date of this dividend is Tuesday, May 17th. This represents a dividend yield of 2.21%.

About Solvay (Get Rating)

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.

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