Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.

SYIEY has been the subject of a number of analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of Symrise in a research report on Thursday, August 27th. Jefferies Financial Group raised Symrise from a “hold” rating to a “buy” rating in a research report on Tuesday, September 1st. The Goldman Sachs Group cut Symrise from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Sanford C. Bernstein upgraded Symrise to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Citigroup reissued a “buy” rating on shares of Symrise in a report on Friday, September 25th.

Symrise Trading Down 1.8%

Shares of Symrise stock opened at $25.41 on Friday. Symrise has a twelve month low of $19.31 and a twelve month high of $27.31. The company has a 50-day simple moving average of $26.01 and a two-hundred day simple moving average of $23.96.

Symrise Company Profile

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.