Symrise AG : Very little upside potential, so the risk for a correction is significant
Entry price | Target | Stop-loss | Potential |
---|
€63.5 |
€60 |
€65 |
+5.51% |
---|
After the strong price increase that has been seen over the past few weeks, it appears opportune to anticipate a correction phase for shares in Symrise, as the resistance around 66.15 EUR approaches.
Strengths● The company returns high margins, thereby supporting business profitability.
● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at EUR 65.19.
● The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
● The company is in debt and has limited leeway for investment
● The company's earnings releases usually do not meet expectations.
● The firm trades with high earnings multiples: 30.32 times its 2017 earnings per share.
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