Alembic Global analyst Hassan Ahmed maintained a Buy rating on Trinseo (TSE) today and set a price target of $65. The company’s shares opened today at $42.19, close to its 52-week low of $41.28.
Ahmed commented:
“We would expect TSE shares to be muted on this relatively in line quarter and guidance. Symbol TSE Cap (M) $1,727 FYE EPS ($) 7.25 6.85 7.80 for TSE Source: FactSet.”
According to TipRanks.com, Ahmed is ranked 0 out of 5 stars with an average return of -5.5% and a 34.5% success rate. Ahmed covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, Venator Materials Plc, and LyondellBasell.
Currently, the analyst consensus on Trinseo is a Strong Buy with an average price target of $55.33.
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The company has a one-year high of $82.18 and a one-year low of $41.28. Currently, Trinseo has an average volume of 294.8K.
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Trinseo SA engages in the manufacture and marketing of synthetic rubber, latex binders and plastics. It operates through the following divisions: Performance Materials and Basic Plastics & Feedstocks. The Performance Materials division includes latex binders, synthetic rubber and performance plastics segments.
