Symrise (FRA:SY1) has been given a €65.00 ($77.38) price target by research analysts at JPMorgan Chase & Co. in a research note issued to investors on Monday. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential downside of 9.47% from the company’s previous close.
Several other research firms also recently commented on SY1. Independent Research set a €73.00 ($86.90) price objective on shares of Symrise and gave the stock a “neutral” rating in a research note on Wednesday, November 8th. Nord/LB set a €70.00 ($83.33) price objective on shares of Symrise and gave the stock a “neutral” rating in a research note on Friday, December 8th. Goldman Sachs Group set a €45.00 ($53.57) price objective on shares of Symrise and gave the stock a “sell” rating in a research note on Thursday, November 9th. Berenberg Bank set a €67.00 ($79.76) target price on shares of Symrise and gave the company a “neutral” rating in a research report on Thursday, November 16th. Finally, Baader Bank set a €65.50 ($77.98) target price on shares of Symrise and gave the company a “buy” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of €66.25 ($78.87).
Shares of Symrise (FRA SY1) opened at €71.80 ($85.48) on Monday. Symrise has a one year low of €54.35 ($64.70) and a one year high of €73.48 ($87.48). The company has a market cap of $9,290.00 and a price-to-earnings ratio of 35.72.
Symrise AG develops, produces, and sells fragrances, flavorings, and cosmetic ingredients. It operates through two segments, Flavor & Nutrition and Scent & Care. The Flavor & Nutrition segment provides flavorings, which are used in alcoholic, non-alcoholic, dried and instant beverages, soups, sauces, ready-made meals, instant noodles, and meat products; seasonings for snacks; and products for sweets, chocolates, chewing gum, baked goods, cereals, ice cream, and milk products.
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