Barclays Reaffirms Their Buy Rating on TRONOX Ltd (TROX)

Barclays analyst Duffy Fischer maintained a Buy rating on TRONOX Ltd (TROXResearch Report) on May 13 and set a price target of $16. The company’s shares opened today at $10.68.

According to TipRanks.com, Fischer is a 4-star analyst with an average return of 10.3% and a 52.6% success rate. Fischer covers the Consumer Goods sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Westlake Chemical Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TRONOX Ltd with a $17 average price target, which is a 59.2% upside from current levels. In a report issued on May 10, Alembic Global also maintained a Buy rating on the stock with a $19 price target.

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The company has a one-year high of $21.04 and a one-year low of $6.46. Currently, TRONOX Ltd has an average volume of 1.61M.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TROX in relation to earlier this year.

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Tronox Holdings Plc engages in the mining and inorganic chemical business. Its products include Titanium Dioxide Mineral Sands. The firm also mines and processes titanium ore, zircon and other minerals, and manufactures titanium dioxide pigments. The company was founded in March 2012 and is headquartered in Stamford, CT.