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

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

A number of other research firms have also recently commented on SYIEY. Zacks Research upgraded Symrise from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Morgan Stanley restated an “overweight” rating on shares of Symrise in a report on Tuesday, June 16th. The Goldman Sachs Group lowered shares of Symrise from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. Finally, Jefferies Financial Group upgraded shares of Symrise to a “hold” rating in a research note on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Symrise Price Performance

SYIEY stock opened at $24.30 on Wednesday. The stock’s fifty day simple moving average is $24.04 and its two-hundred day simple moving average is $22.35. Symrise has a 1-year low of $19.31 and a 1-year high of $26.16.

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.