Trinseo SA (NYSE:TSE)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $57.35 and last traded at $57.13, with a volume of 286,983 shares. The stock had previously closed at $55.28.

Several equities analysts have recently commented on TSE shares. Citigroup Inc. upped their price objective on shares of Trinseo SA from $48.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, July 15th. Deutsche Bank AG restated a “buy” rating on shares of Trinseo SA in a report on Wednesday, June 15th. Morgan Stanley restated a “hold” rating and issued a $48.00 price objective on shares of Trinseo SA in a report on Thursday, June 16th. Finally, Jefferies Group restated a “buy” rating and issued a $50.00 price objective 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 given a buy rating to the stock. Trinseo SA presently has an average rating of “Buy” and a consensus target price of $47.57.

The firm has a 50 day moving average of $50.33 and a 200 day moving average of $41.63. The firm has a market cap of $2.66 billion and a PE ratio of 10.45.

Trinseo SA (NYSE:TSE) last posted its earnings results on Tuesday, August 2nd. The company reported $2.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.65. During the same quarter in the previous year, the company earned $1.61 EPS. On average, analysts predict that Trinseo SA will post $7.06 earnings per share for the current year.

In other Trinseo SA news, insider Hayati Yarkadas bought 2,100 shares of the company’s stock in a transaction on Thursday, June 9th. The stock was purchased at an average cost of $48.82 per share, for a total transaction of $102,522.00. Following the acquisition, the insider now owns 10,594 shares of the company’s stock, valued at approximately $517,199.08. The acquisition was disclosed in a document filed 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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