The figures for the third quarter will be available at Symrise on October 29. The analysts at Deutsche Bank expect sales to increase by 3.5 percent. Growth should run through all three areas. For the fourth quarter they are assuming an increase of around 6 percent.
The forecast for 2020 is likely to be confirmed. Accordingly, Symrise wants to grow faster than the corresponding market. The EBITDA margin should be between 21 percent and 22 percent. Analysts believe the upper end of the range is more likely.
The experts confirm the buy recommendation for Symrise shares. The price target is raised from EUR 115.00 to EUR 124.00.
The valuation of the share continues to show a clear discount to important competitors. Symrise is focusing more and more on rapidly growing activities, which speaks for the share.
Symrise shares gain 0.9 percent to EUR 119.10.
At a glance – chart and news: Symrise