Symrise (OTCMKTS:SYIEY) Raised to “Hold” at Sanford C. Bernstein

Symrise (OTCMKTS:SYIEY) was upgraded by Sanford C. Bernstein to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Other analysts have also issued research reports about the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Symrise in a research note on Tuesday, June 16th. Zacks Research upgraded shares of Symrise from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Jefferies Financial Group raised shares of Symrise to a “hold” rating in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group lowered shares of Symrise from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Symrise currently has a consensus rating of “Hold”.

Symrise Trading Down 3.2%

Shares of Symrise stock opened at $24.30 on Wednesday. The business’s 50-day moving average price is $24.04 and its 200-day moving average price is $22.35. Symrise has a 12 month low of $19.31 and a 12 month high of $26.16.

Symrise Company Profile

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.