Independent Research Reiterates “€68.00” Price Target for Symrise (SY1)
Symrise (FRA:SY1) has been assigned a €68.00 ($83.95) target price by analysts at Independent Research in a report issued on Wednesday. The firm currently has a “neutral” rating on the stock. Independent Research’s target price points to a potential upside of 9.68% from the stock’s previous close.
A number of other equities analysts have also recently weighed in on the stock. Warburg Research set a €85.00 ($104.94) price objective on shares of Symrise and gave the company a “buy” rating in a research report on Thursday, January 25th. Deutsche Bank set a €78.00 ($96.30) price objective on shares of Symrise and gave the company a “buy” rating in a research report on Tuesday, January 9th. Societe Generale set a €85.00 ($104.94) price objective on shares of Symrise and gave the company a “buy” rating in a research report on Tuesday, December 5th. Berenberg Bank set a €67.00 ($82.72) price objective on shares of Symrise and gave the company a “neutral” rating in a research report on Thursday, November 16th. Finally, UBS Group set a €70.00 ($86.42) price objective on shares of Symrise and gave the company a “neutral” rating in a research report on Monday, February 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of €68.42 ($84.47).
Symrise (SY1) traded down €4.54 ($5.60) during trading hours on Wednesday, reaching €62.00 ($76.54). 1,598 shares of the company’s stock were exchanged. The stock has a market cap of $7,910.00 and a PE ratio of 30.85. Symrise has a one year low of €56.96 ($70.32) and a one year high of €73.48 ($90.72).
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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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