Symrise share: Still stable

Neutral analysts

According to analysts' estimates, the Symrise share will develop sideways and slightly positively over the next twelve months. The average price target of the analysts is 148.50 euros, which is slightly above the current price of around 145 euros (as of August 25, 2023). The analysts' estimates range from a low of 130 euros to a high of 160 euros. Of the 13 analysts surveyed, five recommend "buy", four "hold" and four "sell".

Positive growth prospects

Symrise is a global supplier of flavors and fragrances. The company benefits from the growing demand for its products in the food and beverage industry. In addition, Symrise is increasingly active in the cosmetics and personal care sector. The company's sales are expected to continue to grow in the coming years. In the first half of 2023, Symrise sales increased by 10.5 percent to 3.6 billion euros. The company also benefited from the weak euro, which increased sales by 2.6 percent.

Risks

However, there are also risks that could affect the Symrise share price. These include the economic slowdown, which could lead to lower demand for Symrise products. In addition, there is the risk of currency fluctuations, which could negatively impact sales. Furthermore, Symrise is dependent on the availability of raw materials. If there were supply bottlenecks, this could also negatively affect the company's business.

Conclusion

Overall, the analysts' view of the Symrise share is rather neutral. They expect the share price to develop slightly positively over the next twelve months. There are however, some risks that could affect the share price negatively. Investors should therefore carefully consider the risks before making an investment decision.