Do Analysts Think Trinseo PLC (TSE) Is Still Worth Buying In 2024?

Trinseo PLC (NYSE:TSE) does about 423.51K shares in volume on a normal day but saw 1380887 shares change hands in Friday’s trading. The company now has a market cap of 108.69M USD. Its current market price is $3.08, marking an increase of 4.76% compared to the previous close of $2.94. The 52 week high reached by this stock is $18.63 whilst the lowest price level in 52 weeks is $2.59.

Trinseo PLC (TSE) has a 20-day trading average at $3.32 and the current price is -83.47% off the 52-week high compared with 19.15% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.24 and its 200-day simple moving average is $5.76. If we look at the stock’s price movements over the week, volatility stands at 11.28%, which decreases to 9.56% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 45.68 to suggest the stock is neutral.

The consensus objective for the share price is $5.43, suggesting that the stock has a potential upside of 43.28% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 04, 2023 when Jefferies downgraded the stock to “Hold” and issued a price target of between $22 and $9. Deutsche Bank also downgraded the stock to “Hold” from Buy on August 11, 2022 at a price target of $42-$34. Deutsche Bank resumed its price target at $60.

Trinseo PLC (TSE) stock is down -19.58% over the week and -8.06% over the past month. Its price is -63.20% year-to-date and -80.58% over the past year.

To reach the target analysts have set, the stock logically needs to grow 43.28 percent from here.

The company has a return on investment of -36.83% and return on equity of -5162.41%. The beta has a value of 1.64. Price to sales ratio is 0.03.