Barclays analyst Michael Leithead assigned a Hold rating to Trinseo (TSE – Research Report) yesterday and set a price target of $7.00. The company’s shares closed yesterday at $6.15.
Leithead covers the Basic Materials sector, focusing on stocks such as PPG Industries, Olin, and Sherwin-Williams Company. According to TipRanks, Leithead has an average return of 5.4% and a 59.34% success rate on recommended stocks.
Trinseo has an analyst consensus of Moderate Buy, with a price target consensus of $8.50.
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TSE market cap is currently $205.2M and has a P/E ratio of -0.31.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TSE in relation to earlier this year.
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 (TSE) Company Description:
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.
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