Symrise (OTCMKTS:SYIEY) Lowered to “Sell” at Zacks Investment Research

Symrise (OTCMKTS:SYIEYGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday, Zacks.com reports.

According to Zacks, “Symrise AG manufactures, develops and sells fragrances, flavorings, cosmetic base materials and substances for the cosmetics industry. The company’s operating segments consists of Scent & Care and Flavor & Nutrition. Scent and Care segment develops, produces and sells fragrances, cosmetic ingredients, aroma molecules and mint aromas and also develops specific application processes for such substances. Flavor and Nutrition segment develops, produces and sells flavors which are used by customers in the production of food products and beverages. Its product includes perfume, cosmetics and food manufacturers to pharmaceutical companies and producers of nutritional supplements, pet food and baby food. The company operates primarily in Europe, Africa, the Middle East, North America, the Asia Pacific and Latin America. Symrise AG is headquartered in Holzminden, Germany. “

Several other equities research analysts have also recently commented on SYIEY. UBS Group lowered their target price on Symrise from €135.00 ($142.11) to €130.00 ($136.84) in a research note on Tuesday, April 5th. Morgan Stanley lifted their target price on Symrise from €106.00 ($111.58) to €107.00 ($112.63) and gave the company an “equal weight” rating in a research note on Monday, April 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $97.00.

Shares of OTCMKTS SYIEY traded down $1.19 during midday trading on Tuesday, hitting $25.86. The stock had a trading volume of 157,926 shares, compared to its average volume of 99,113. The company’s 50-day simple moving average is $29.09 and its 200 day simple moving average is $32.12. Symrise has a fifty-two week low of $25.79 and a fifty-two week high of $37.54.

About Symrise (Get Rating)

Symrise AG supplies fragrances, flavorings, cosmetic active ingredients and raw materials, and functional ingredients. It operates through two segments, Taste, Nutrition & Health, and Scent & Care. The Taste, Nutrition & Health segment provides functional ingredients and flavor solutions used in the production of food and beverages; savory flavors; natural and sustainable ingredients for food and beverage manufacturers, baby food, and dietary supplements; product solutions and services for pet food manufacturers; sustainable ingredients and services for aqua feed manufacturers to develop solutions for fish and shrimp farms; and probiotics for food supplements and functional foods.

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