Tronox Ltd (TROX) Coverage Initiated by Analysts at J P Morgan Chase & Co
Analysts at J P Morgan Chase & Co began coverage on shares of Tronox Ltd (NYSE:TROX) in a research note issued to investors on Tuesday, StockTargetPrices.com reports. The brokerage set an “overweight” rating and a $30.00 price target on the stock. J P Morgan Chase & Co’s price objective would indicate a potential upside of 12.87% from the stock’s previous close.
Separately, BidaskClub upgraded shares of Tronox from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th.
Tronox (NYSE TROX) traded up 2.953% on Tuesday, hitting $27.365. 713,506 shares of the company were exchanged. Tronox has a one year low of $7.40 and a one year high of $27.42. The stock has a 50 day moving average price of $23.68 and a 200 day moving average price of $18.82. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 68.584 and a beta of 3.48.
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Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. It primarily operates in two segments, TiO2 and Alkali. The TiO2 segment engages in the exploration, mining, and beneficiation of mineral sands deposits.
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