Alembic Global analyst Hassan Ahmed maintained a Buy rating on TRONOX (TROX – Research Report) on June 6 and set a price target of $31.00. The company’s shares closed last Thursday at $15.99, close to its 52-week low of $15.54.
According to TipRanks.com, Ahmed is a 5-star analyst with an average return of 8.4% and a 47.9% success rate. Ahmed covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Westlake Chemical, and Venator Materials.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for TRONOX with a $26.33 average price target, representing a 56.4% upside. In a report issued on June 14, Bank of America Securities also maintained a Buy rating on the stock with a $23.00 price target.
TRONOX’s market cap is currently $2.49B and has a P/E ratio of 9.00.
Based on the recent corporate insider activity of 29 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 TROX in relation to earlier this year.
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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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