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

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

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

Symrise Stock Up 0.7%

OTCMKTS SYIEY opened at $24.59 on Tuesday. Symrise has a twelve month low of $19.31 and a twelve month high of $28.16. The stock has a 50-day moving average of $22.49 and a 200 day moving average of $21.49.

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.