SIKA AG - Unsponsored ADR (OTCMKTS:SXYAY) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts give SIKA ADR a consensus recommendation of "Moderate Buy" based on nine firms covering the stock (4 hold, 2 buy, 3 strong buy), with recent moves including Deutsche Bank and RBC downgrades to hold, Citigroup reiterating buy, and Zacks upgrading from strong sell to hold.
• Shares opened at $16.32 and were down 1.6%, trading below the 50‑day ($18.64) and 200‑day ($19.83) moving averages and sitting near a 12‑month low of $15.75 (12‑month high $27.52).

Shares of SIKA AG - Unsponsored ADR (OTCMKTS:SXYAY - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the company.

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft cut shares of SIKA to a "hold" rating in a research report on Monday, December 8th. Citigroup restated a "buy" rating on shares of SIKA in a report on Thursday, January 8th. Royal Bank Of Canada cut shares of SIKA from a "moderate buy" rating to a "hold" rating in a research report on Monday, December 8th. Finally, Zacks Research upgraded shares of SIKA from a "strong sell" rating to a "hold" rating in a report on Monday, March 16th.

SIKA Stock Down 1.6%

OTCMKTS SXYAY opened at $16.32 on Friday. The stock has a fifty day simple moving average of $18.64 and a 200-day simple moving average of $19.83. The company has a current ratio of 1.25, a quick ratio of 0.90 and a debt-to-equity ratio of 0.62. SIKA has a twelve month low of $15.75 and a twelve month high of $27.52.

SIKA Company Profile

Sika AG is a Switzerland-based specialty chemicals company that develops and manufactures systems and products for bonding, sealing, damping, reinforcing and protecting in the building sector and in industrial manufacturing. Founded in 1910 and headquartered in Baar, Switzerland, Sika is best known for its portfolio of construction chemicals and industrial adhesives that serve new construction, refurbishment and industrial production applications.

The company's product range includes concrete admixtures and repair mortars, sealants and adhesives, waterproofing membranes and roofing systems, flooring systems, façade and structural bonding solutions, and vibration-damping and acoustic solutions for industry.

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