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

Several brokerages have recently issued reports on TSE. Citigroup Inc. increased their target price on Trinseo SA from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, July 15th. Deutsche Bank AG reissued a “buy” rating on shares of Trinseo SA in a research report on Wednesday, June 15th. Jefferies Group reissued a “buy” rating and issued a $50.00 target price on shares of Trinseo SA in a research report on Thursday, May 5th. Finally, Morgan Stanley reissued a “hold” rating and issued a $48.00 target price on shares of Trinseo SA in a research report on Thursday, June 16th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $47.57.

The company has a market capitalization of $2.70 billion and a P/E ratio of 10.60. The firm’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 results on Tuesday, August 2nd. The company reported $2.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.65. During the same period in the previous year, the business posted $1.61 earnings per share. On average, equities research analysts forecast 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 acquired at an average price of $48.82 per share, for a total transaction of $102,522.00. Following the completion of the transaction, the insider now directly owns 10,594 shares of the company’s stock, valued at $517,199.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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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