Alembic Global analyst Hassan Ahmed maintained a Buy rating on TRONOX Ltd (TROX) on May 20 and set a price target of $19. The company’s shares closed yesterday at $10.95.
According to TipRanks.com, Ahmed is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -8.0% and a 29.6% success rate. Ahmed covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, Venator Materials Plc, and LyondellBasell.
TRONOX Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $17, which is a 55.3% upside from current levels. In a report issued on May 13, Barclays also maintained a Buy rating on the stock with a $16 price target.
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The company has a one-year high of $21.04 and a one-year low of $6.46. Currently, TRONOX Ltd has an average volume of 1.67M.
Based on the recent corporate insider activity of 45 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.
