Price Target Update on Chemours Company (The) (NYSE:CC)

Chemours Company (The) (NYSE:CC) : The highest short term price target forecast on Chemours Company (The) (NYSE:CC) is $15 and the lowest target price is $9. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $11.75 with a standard deviation of $2.75.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Chemours Company (The) (NYSE:CC). Citigroup has a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $8 per share from a prior target of $5. The rating by the firm was issued on April 18, 2016.

Chemours Company (The) (NYSE:CC): stock turned positive on Thursday. Though the stock opened at $9.18, the bulls momentum made the stock top out at $9.95 level for the day. The stock recorded a low of $9.1635 and closed the trading day at $9.75, in the green by 7.50%. The total traded volume for the day was 3,587,526. The stock had closed at $9.07 in the previous days trading.

On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the CFO of Chemours Co, Newman Mark had purchased shares worth of $27,160 in a transaction dated on May 13, 2016. A total of 2,800 shares were purchased at a price of $9.7 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

The Chemours Company (Chemours) is a provider of performance chemicals. The Company delivers solutions with a range of industrial and specialty chemical products for markets, including plastics and coatings, refrigeration and air conditioning, general industrial, and mining and oil refining. The Company operates through three segments: Titanium Technologies, Fluoroproducts and Chemical Solutions. The Titanium Technologies segment is a producer of titanium dioxide (TiO2) under the brands, including Ti-Pure and Vantage. Its Fluoroproducts segment is a provider of fluoroproducts under the brands, including Suva, ISCEON, Freon, Opteon, Teflon, Tefzel, Viton, Krytox, Formacel, Dymel, FM 200, Nafion and Capstone. Its Chemical Solutions segment is a provider of industrial and specialty performance chemicals under the brands, including Virkon and Oxone. The Companys products include titanium dioxide, refrigerants, industrial fluoropolymer resins, sodium cyanide, sulfuric acid and aniline.

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