Trinseo SA (NYSE:TSE) shares reached a new 52-week high on Friday . The stock traded as high as $59.42 and last traded at $58.42, with a volume of 332,628 shares. The stock had previously closed at $58.01.

Several research firms have recently weighed in on TSE. Citigroup Inc. boosted their price objective on shares of Trinseo SA from $53.00 to $55.00 and gave the stock a “neutral” rating in a research note 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 stock a “buy” rating in a report on Wednesday, August 3rd. Morgan Stanley reaffirmed a “hold” rating and set a $48.00 target price on shares of Trinseo SA in a report on Thursday, June 16th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $50.00 target price on shares of Trinseo SA in a report on Thursday, May 5th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $47.57.

The firm has a market capitalization of $2.70 billion and a PE ratio of 10.60. The stock’s 50 day moving average price is $52.15 and its 200-day moving average price is $42.84.

Trinseo SA (NYSE:TSE) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.65. During the same quarter in the prior year, the business earned $1.61 earnings per share. On average, analysts expect that Trinseo SA will post $7.06 earnings per share for the current fiscal year.

In other news, insider Hayati Yarkadas bought 2,100 shares of the stock in a transaction dated Thursday, June 9th. The stock was bought at an average price of $48.82 per share, for a total transaction of $102,522.00. Following the completion of the acquisition, the insider now directly owns 10,594 shares in the company, valued at approximately $517,199.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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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