Shares of Symrise AG Unsponsored ADR (OTCMKTS:SYIEY – Get Free Report) have been given an average rating of “Moderate Buy” by the seven brokerages that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.
A number of analysts have commented on the company. Jefferies Financial Group raised Symrise from a “hold” rating to a “buy” rating in a report on Tuesday, September 1st. The Goldman Sachs Group lowered Symrise from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of Symrise in a research report on Thursday, August 27th. Citigroup reiterated a “buy” rating on shares of Symrise in a report on Friday. Finally, Sanford C. Bernstein upgraded Symrise to a “hold” rating in a research note on Wednesday, July 22nd.
Read Our Latest Report on SYIEY
Symrise Stock Down 0.2%
About Symrise
Symrise AG is a Germany-based global supplier of flavorings, fragrances, cosmetic ingredients and nutritional solutions. The company develops ingredients and formulation systems used by manufacturers in the food and beverage, consumer goods, fragrance, personal care and health industries.
Its business is organized around areas that include Taste, Scent and Care, and Nutrition. Products and services include flavors for foods and beverages, fragrance compounds for perfumes and household products, functional ingredients for cosmetics and personal care, and ingredients used in dietary supplements, pet food and other nutrition applications.
Symrise was formed in 2003 through the merger of Haarmann & Reimer and Dragoco, two businesses with roots in the European flavor and fragrance industry.
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