Alembic Global Reaffirms Their Buy Rating on Trinseo (TSE)

In a report released today, Hassan Ahmed from Alembic Global maintained a Buy rating on Trinseo (TSEResearch Report), with a price target of $90. The company’s shares opened today at $57.73.

According to TipRanks.com, Ahmed is a 2-star analyst with an average return of 0.9% and a 45.0% success rate. Ahmed covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, Venator Materials Plc, and LyondellBasell.

Trinseo has an analyst consensus of Moderate Buy, with a price target consensus of $80.50.

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Based on Trinseo’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $98.3 million. In comparison, last year the company had a net profit of $33.22 million.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Trinseo SA engages in the manufacture and marketing of plastics, latex binders, and synthetic rubber. It operates through the Performance Materials and Basic Plastics & Feedstocks divisions. The Performance Materials division includes latex, synthetic rubber, and performance plastics segments.

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