Barclays analyst Michael Leithead assigned a Buy rating to TRONOX (TROX – Research Report) yesterday and set a price target of $17.00. The company’s shares closed last Friday at $14.18.
According to TipRanks, Leithead is a 4-star analyst with an average return of 5.6% and a 59.56% success rate. Leithead covers the Basic Materials sector, focusing on stocks such as Olin, PPG Industries, and Sherwin-Williams Company.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for TRONOX with a $17.00 average price target, implying a 19.89% upside from current levels. In a report released on February 15, Alembic Global also maintained a Buy rating on the stock with a $19.00 price target.
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TROX market cap is currently $2.22B and has a P/E ratio of -7.03.
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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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