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

Shares of Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company.

SYIEY has been the subject of a number of research reports. Jefferies Financial Group raised shares of Symrise to a “hold” rating in a research report on Wednesday, April 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Symrise in a report on Tuesday, June 16th. Zacks Research raised Symrise from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Finally, The Goldman Sachs Group downgraded Symrise from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th.

Symrise Price Performance

OTCMKTS SYIEY opened at $25.57 on Friday. The firm has a 50 day simple moving average of $23.71 and a 200-day simple moving average of $22.18. Symrise has a one year low of $19.31 and a one year high of $26.26.

About Symrise

Symrise AG is a global supplier of fragrances, flavors, cosmetic active ingredients and raw materials for the food and beverage, personal care and household industries. Headquartered in Holzminden, Germany, the company develops scent and taste solutions that are used in a wide range of consumer products, from perfumes and personal care formulations to soft drinks, confections and savory seasonings.

The company’s core business is organized into two divisions. The Flavors & Nutrition division creates taste concepts, food ingredients and texture solutions that enhance the sensory appeal and nutritional profile of a variety of foods and beverages.