SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) Receives Average Recommendation of “Moderate Buy” from Analysts

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company.

Several equities analysts have recently commented on the stock. Citigroup restated a “buy” rating on shares of SIKA in a report on Tuesday, August 4th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of SIKA in a report on Wednesday, July 29th. Zacks Research upgraded SIKA from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of SIKA in a research report on Wednesday, July 29th.

SIKA Trading Down 1.3%

Shares of SXYAY opened at $21.60 on Friday. SIKA has a 1-year low of $15.75 and a 1-year high of $24.21. The firm has a 50-day simple moving average of $22.82 and a two-hundred day simple moving average of $20.13.

SIKA Company Profile

Sika AG is a Switzerland-based specialty chemicals company that develops products and systems for the construction and industrial markets. Its portfolio includes concrete admixtures, cement additives, mortars, waterproofing systems, roofing and flooring solutions, sealants, adhesives, and strengthening products.

The company also supplies bonding, sealing, damping, and reinforcing technologies to automotive manufacturers and other industrial customers. Sika’s solutions are used in infrastructure, commercial and residential construction, renovation projects, and the production of vehicles and industrial components.

Founded in 1910 by Kaspar Winkler, Sika has expanded from its Swiss origins into an international business serving customers through operations and distribution networks across Europe, the Americas, Asia-Pacific, the Middle East, and Africa.