Symrise (FRA:SY1) has been assigned a €74.00 ($86.05) price objective by stock analysts at Nord/LB in a research note issued to investors on Wednesday. The brokerage currently has a “neutral” rating on the stock. Nord/LB’s target price would suggest a potential upside of 1.70% from the company’s previous close.
SY1 has been the topic of several other reports. Deutsche Bank set a €88.00 ($102.33) price target on Symrise and gave the company a “buy” rating in a research report on Thursday, August 16th. Berenberg Bank set a €70.00 ($81.40) price target on Symrise and gave the company a “neutral” rating in a research report on Wednesday, August 15th. JPMorgan Chase & Co. set a €77.00 ($89.53) price target on Symrise and gave the company a “neutral” rating in a research report on Wednesday. Goldman Sachs Group set a €58.20 ($67.67) price target on Symrise and gave the company a “sell” rating in a research report on Monday, September 3rd. Finally, Morgan Stanley set a €75.00 ($87.21) price target on Symrise and gave the company a “neutral” rating in a research report on Friday, October 12th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of €74.89 ($87.08).
Shares of SY1 traded down €1.66 ($1.93) during trading on Wednesday, reaching €72.76 ($84.60). The company’s stock had a trading volume of 508,189 shares. Symrise has a twelve month low of €56.96 ($66.23) and a twelve month 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.
See Also: Average Daily Trade Volume – ADTV
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