SYMRISE AG/ADR (OTCMKTS:SYIEY) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of SYMRISE AG/ADR (OTCMKTS:SYIEY) from a hold rating to a buy rating in a research report sent to investors on Friday, Zacks.com reports. The brokerage currently has $27.00 price target on the stock.

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. “

SYIEY stock traded down $0.06 during mid-day trading on Friday, hitting $23.89. 31,641 shares of the company were exchanged, compared to its average volume of 36,797. SYMRISE AG/ADR has a 12-month low of $18.15 and a 12-month high of $25.28. The business has a fifty day simple moving average of $23.95 and a 200-day simple moving average of $23.72.

SYMRISE AG/ADR Company Profile

Symrise AG develops, produces, and supplies fragrances, flavorings, cosmetic active ingredients, raw materials, and functional ingredients. It operates through three segments: Scent & Care, Flavor, and Nutrition. The Scent & Care segment develops, produces, and sells fragrance ingredients and compositions, cosmetic ingredients, and mint flours, as well as specific application processes for such substances.

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