Shares of Trinseo SA (NYSE:TSE) traded up 2% on Thursday . The stock traded as high as $58.63 and last traded at $58.36, with a volume of 368,110 shares trading hands. The stock had previously closed at $57.20.

Several analysts have recently weighed in on the stock. Citigroup Inc. lifted their target price on shares of Trinseo SA from $53.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, August 4th. Deutsche Bank AG lifted their target price on shares of Trinseo SA from $55.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Morgan Stanley reissued a “hold” rating and set a $48.00 price objective on shares of Trinseo SA in a report on Thursday, June 16th. Finally, Jefferies Group reissued a “buy” rating and set a $50.00 price objective on shares of Trinseo SA in a report on Thursday, May 5th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $47.57.

The company has a market cap of $2.69 billion and a PE ratio of 10.59. The company has a 50 day moving average price of $51.32 and a 200-day moving average price of $42.49.

Trinseo SA (NYSE:TSE) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.65. During the same quarter last year, the company posted $1.61 earnings per share. On average, analysts forecast that Trinseo SA will post $7.06 EPS for the current year.

In related news, insider Hayati Yarkadas acquired 2,100 shares of the stock in a transaction dated Thursday, June 9th. The shares were acquired at an average price of $48.82 per share, for a total transaction of $102,522.00. Following the completion of the purchase, the insider now owns 10,594 shares in the company, valued at approximately $517,199.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Trinseo SA is a materials company. The Company operates under two divisions: Performance Materials and Basic Plastics & Feedstocks. The Performance Materials division’s segments include Synthetic Rubber, Latex and Performance Plastics. The Latex segment produces styrene-butadiene latex (SB latex) for coated paper and packaging board, carpet and artificial turf backings, as well as a number of performance latex applications.

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