Symrise (ETR:SY1) Has Gained a Vote of Confidence Today From DZ-Bank AG. What Does This Ultimately Mean?

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Symrise (ETR:SY1) Stock Upgrade

DZ-Bank AG has decided to issue a report indicating that Symrise (ETR:SY1) shares are now a ‘”Buy”‘ in an analyst note disseminated on Friday, 18 December.

From a total of 13 analysts covering Symrise (ETR:SY1) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 8 a ”Hold”. This means that 38% of the ratings are positive. The highest target price is €72 while the lowest target price is €53. The mean of all analyst targets is €63.40 with a 2.42% above today’s (€61.9) stock price. Symrise was the topic of 33 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank upgraded shares on December 4 to “Buy” rating. Kepler Cheuvreux maintained shares with “Hold” rating and €60 target share price in a report from a November 11. HSBC maintained SY1 stock in a recent report from November 13 with “Hold” rating. Landesbank maintained the rating on November 11. Landesbank has a “Hold” rating and a €63 price target on shares. Finally, Independent Research upgraded the stock to “Buy” rating in a report issued on a November 11.

The stock increased 0.86% or EUR 0.53 on December 17, striking EUR 61.9. Approximately 263,609 shares of stock traded hands or 2.67% up from the average. Symrise AG (ETR:SY1) has risen 11.62% since May 21, 2015 and is uptrending. It has outperformed by 13.88% the S&P500.

 Symrise (ETR:SY1) Has Gained a Vote of Confidence Today From DZ-Bank AG. What Does This Ultimately Mean?

Symrise AG is a Germany-based fragrances and flavors manufacturer. The company has a market cap of 7.98 billion EUR. The Firm diversifies its activities into two business divisions: Flavor & Nutrition and Scent & Care. It has 35.95 P/E ratio. The Flavor & Nutrition business division produces flavors in liquid, powder, granulated and paste form, providing individual flavors, as well as complete solutions which, apart from aroma, can contain additional functional raw materials, colorants or microencapsulated components.

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