Trinseo Given Consensus Recommendation of “Buy” by Analysts (NYSE:TSE)
Shares of Trinseo (NYSE:TSE) have earned an average rating of “Buy” from the eight ratings firms that are covering the company, Analyst Ratings News reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $24.75.
Several analysts have recently commented on the stock. Analysts at Barclays initiated coverage on shares of Trinseo in a research note on Wednesday. They set an “equal weight” rating and a $22.00 price target on the stock. Separately, analysts at Bank of America initiated coverage on shares of Trinseo in a research note on Tuesday, July 22nd. They set a “buy” rating and a $26.00 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Trinseo in a research note on Tuesday, July 22nd. They set an “equal weight” rating on the stock.
Shares of Trinseo (NYSE:TSE) opened at 18.74 on Wednesday. Trinseo has a 52 week low of $18.44 and a 52 week high of $22.99. The stock’s 50-day moving average is $20.71 and its 200-day moving average is $20.71. The company has a market cap of $885.8 million and a P/E ratio of 154.67.
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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