Trinseo Now Covered by Analysts at Goldman Sachs (TSE)
Research analysts at Goldman Sachs began coverage on shares of Trinseo (NYSE:TSE) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $25.00 price target on the stock. Goldman Sachs’ target price points to a potential upside of 25.75% from the stock’s previous close.
Trinseo (NYSE:TSE) remained flat at $19.83 during during mid-day trading trading on Tuesday. 468,829 shares of the company’s stock traded hands. Trinseo has a 52 week low of $19.26 and a 52 week high of $22.99. The stock’s 50-day moving average is $20.9 and its 200-day moving average is $20.9. The company has a market cap of $937.3 million and a P/E ratio of 162.54.
Separately, analysts at Wells Fargo & Co. initiated coverage on shares of Trinseo in a research note on Tuesday. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Trinseo has an average rating of “Buy” and an average target price of $25.30.
Trinseo SA (NYSE:TSE) is a materials company engaged in the manufacture and marketing of specialty and customized emulsion polymers and plastics.
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