Symrise AG (SY1) Receives Average Rating of “Hold” from Analysts
Symrise AG (FRA:SY1) has earned an average recommendation of “Hold” from the twenty-one ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is €74.01 ($86.06).
SY1 has been the subject of several analyst reports. Morgan Stanley set a €75.00 ($87.21) price objective on Symrise and gave the company a “neutral” rating in a research note on Wednesday, August 29th. Societe Generale set a €91.00 ($105.81) price target on Symrise and gave the stock a “buy” rating in a report on Monday, August 27th. Hauck & Aufhaeuser set a €75.00 ($87.21) price target on Symrise and gave the stock a “neutral” rating in a report on Friday, August 31st. Goldman Sachs Group set a €58.20 ($67.67) price target on Symrise and gave the stock a “sell” rating in a report on Monday, September 3rd. Finally, Berenberg Bank set a €70.00 ($81.40) price target on Symrise and gave the stock a “neutral” rating in a report on Wednesday, August 15th.
FRA:SY1 opened at €79.32 ($92.23) on Thursday. Symrise has a 1 year low of €56.96 ($66.23) and a 1 year high of €73.48 ($85.44).
Symrise AG develops, produces, and sells fragrances, flavorings, and cosmetic ingredients. It operates through three segments: Scent & Care, Flavor, and Nutrition. The Scent & Care segment develops, produces, and sells fragrance ingredients and compositions, cosmetic ingredients, and mint flours, as well as specific application processes for such substances.
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