In a report released today, Hassan Ahmed from Alembic Global maintained a Buy rating on TRONOX (TROX – Research Report), with a price target of $27.00. The company’s shares closed last Wednesday at $16.77.
According to TipRanks.com, Ahmed is a 4-star analyst with an average return of 7.7% and a 46.7% success rate. Ahmed covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Venator Materials, and Westlake Chemical.
Currently, the analyst consensus on TRONOX is a Strong Buy with an average price target of $24.33, which is a 48.4% upside from current levels. In a report issued on July 13, UBS also maintained a Buy rating on the stock with a $25.00 price target.
The company has a one-year high of $26.33 and a one-year low of $14.83. Currently, TRONOX has an average volume of 1.05M.
Based on the recent corporate insider activity of 31 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.
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.
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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