Symrise Share: Consistent

Symrise share: After the announcement of good figures, analysts now recommend buying

The Symrise share has been one of the winners of the past few months on the stock market. Since the beginning of the year, the share price has risen by around 40 percent. This makes Symrise one of the best-performing stocks in the DAX. The good performance of the share is also due to the positive business development of the company.

Symrise convinces with strong figures

In the past few weeks, Symrise has repeatedly convinced with good figures. In the first half of the year, the company increased its sales by 11.3 percent to 3.3 billion euros. The operating profit increased even more strongly by 16.3 percent to 571 million euros. This means that Symrise was able to expand its margins.

The good figures are also reflected in the recommendations of analysts. The majority of analysts now recommend buying the Symrise share. The average target price is currently around 140 euros. This means that there is still significant upside potential for the share.

Symrise benefits from megatrends

Symrise is benefiting from several megatrends. One of the most important trends is the increasing demand for fragrances and flavors. This is being driven by the growing population and the rising prosperity in emerging markets. Symrise is also benefiting from the trend towards natural and sustainable products. The company is well-positioned in this area with its strong portfolio of natural ingredients.

Another important trend is the increasing demand for functional ingredients. These ingredients are used in food, beverages, and cosmetics to improve their properties. Symrise is also well-positioned in this area with its strong research and development capabilities.

Conclusion: Symrise share remains a buy

The Symrise share remains a buy despite the recent price increase. The company is benefiting from several megatrends, which will continue to drive growth in the coming years. The share is also attractively valued at the current price level. Analysts expect the share price to continue to rise in the coming months.