Berenberg Bank Reiterates “€124.00” Price Target for Symrise (FRA:SY1)

Symrise (FRA:SY1Get Rating) has been given a €124.00 ($134.78) price objective by equities researchers at Berenberg Bank in a note issued to investors on Thursday, Borsen Zeitung reports. Berenberg Bank’s target price suggests a potential upside of 18.10% from the stock’s previous close.

A number of other equities analysts have also commented on the company. Jefferies Financial Group set a €125.00 ($135.87) price objective on Symrise in a research note on Monday, January 9th. Deutsche Bank Aktiengesellschaft set a €125.00 ($135.87) target price on Symrise in a report on Friday, January 13th. Barclays set a €115.00 ($125.00) target price on Symrise in a report on Friday, November 11th. Warburg Research set a €111.00 ($120.65) target price on Symrise in a report on Monday, November 7th. Finally, The Goldman Sachs Group set a €114.00 ($123.91) target price on Symrise in a report on Tuesday, January 10th.

Symrise Stock Performance

Symrise stock opened at €105.00 ($114.13) on Thursday. The stock’s fifty day moving average price is €106.20 and its two-hundred day moving average price is €105.39. Symrise has a one year low of €56.96 ($61.91) and a one year high of €73.48 ($79.87).

Symrise Company Profile

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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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