Tronox (TROX) Price Target Raised to $26.00 at Barclays
Tronox (OTCMKTS:TROX) had its price objective increased by equities research analysts at Barclays to $26.00 in a research note issued to investors on Monday. The firm presently has an “overweight” rating on the basic materials company’s stock. Barclays’ price target would indicate a potential upside of 29.35% from the stock’s current price.
Several other research firms have also issued reports on TROX. Morgan Stanley initiated coverage on Tronox in a research note on Tuesday, January 30th. They set an “equal weight” rating and a $21.00 target price on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $23.00 price target on shares of Tronox in a research report on Wednesday, December 6th. Alembic Global Advisors reaffirmed a “buy” rating on shares of Tronox in a research report on Monday, December 18th. Zacks Investment Research lowered Tronox from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 11th. Finally, Wells Fargo & Co assumed coverage on Tronox in a research report on Wednesday, February 7th. They issued an “outperform” rating and a $28.00 price target on the stock. Two analysts have rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $25.00.
Tronox (OTCMKTS TROX) opened at $20.10 on Monday. Tronox has a 12 month low of $12.88 and a 12 month high of $28.40.
A number of hedge funds have recently bought and sold shares of TROX. Public Employees Retirement Association of Colorado acquired a new stake in Tronox in the 4th quarter valued at about $142,000. Macquarie Group Ltd. acquired a new stake in Tronox in the 4th quarter valued at about $211,000. Amalgamated Bank acquired a new stake in shares of Tronox during the 4th quarter worth about $247,000. Ladenburg Thalmann Financial Services Inc. acquired a new stake in shares of Tronox during the 4th quarter worth about $252,000. Finally, Investors Research Corp acquired a new stake in shares of Tronox during the 4th quarter worth about $347,000.
Tronox Company Profile
Tronox Limited is engaged in production and marketing of titanium bearing mineral sands and titanium dioxide pigment (TiO2). The Company’s TiO2 products are critical components of everyday applications, such as coatings, plastics, paper and other applications. The Company’s mineral sands business consists primarily of two product streams: titanium feedstock and zircon.
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