In a report released yesterday, Michael Leithead from Barclays assigned a Buy rating to TRONOX (TROX – Research Report), with a price target of $15.00. The company’s shares closed yesterday at $13.44.
According to TipRanks, Leithead is a 4-star analyst with an average return of 5.5% and a 58.79% success rate. Leithead covers the Basic Materials sector, focusing on stocks such as Olin, PPG Industries, and Sherwin-Williams Company.
TRONOX has an analyst consensus of Strong Buy, with a price target consensus of $16.50, representing a 22.77% upside. In a report released yesterday, Alembic Global also maintained a Buy rating on the stock with a $19.00 price target.
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The company has a one-year high of $16.37 and a one-year low of $9.96. Currently, TRONOX has an average volume of 1.07M.
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TRONOX (TROX) Company Description:
Tronox Holdings Plc engages in the mining and inorganic chemical business. Its products include Titanium Dioxide Mineral Sands. The firm also mines and processes titanium ore, zircon and other minerals, and manufactures titanium dioxide pigments. The company was founded in March 2012 and is headquartered in Stamford, CT.
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