TRONOX (TROX) Gets a Buy Rating from Alembic Global

By Carrie Williams

In a report released today, Hassan Ahmed from Alembic Global maintained a Buy rating on TRONOX (TROXResearch Report), with a price target of $11.00. The company’s shares closed last Wednesday at $6.89.

According to TipRanks.com, Ahmed ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -14.6% and a 28.6% success rate. Ahmed covers the Industrial Goods sector, focusing on stocks such as Westlake Chemical, Venator Materials, and LyondellBasell.

Currently, the analyst consensus on TRONOX is a Moderate Buy with an average price target of $9.50.

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The company has a one-year high of $13.12 and a one-year low of $3.98. Currently, TRONOX has an average volume of 1.8M.

Based on the recent corporate insider activity of 43 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.

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.

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.