Alembic Global analyst Hassan Ahmed maintained a Buy rating on Trinseo (TSE – Research Report) today and set a price target of $23.00. The company’s shares closed last Friday at $15.26.
According to TipRanks, Ahmed is a 4-star analyst with an average return of 5.7% and a 48.18% success rate. Ahmed covers the Basic Materials sector, focusing on stocks such as Celanese, LyondellBasell, and TRONOX.
Trinseo has an analyst consensus of Moderate Buy, with a price target consensus of $21.25, a 39.25% upside from current levels. In a report released on June 13, Jefferies also maintained a Buy rating on the stock with a $28.00 price target.
See the top stocks recommended by analysts >>
TSE market cap is currently $536.3M and has a P/E ratio of -1.07.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Trinseo SA engages in the manufacture and marketing of synthetic rubber, latex binders and plastics. It operates through the following divisions: Performance Materials and Basic Plastics & Feedstocks. The Performance Materials division includes latex binders, synthetic rubber and performance plastics segments. The Basic Plastics & Feedstocks division offers basic plastics, feedstocks and americas styrenics. The company was founded on June 3, 2010 and is headquartered in Berwyn, PA.
Read More on TSE:
