Price Target Update on Tronox Limited (NYSE:TROX)

Tronox Limited (NYSE:TROX) : The highest level Tronox Limited (NYSE:TROX) is projected to reach is $14 for the short term and the lowest estimate is at $6. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $9.88 and the possibility the share price can swing is $5.83.

Other Equity analysts have also commented on the company shares. Brokerage firm UBS downgrades its rating on Tronox Limited (NYSE:TROX). The shares have been rated Sell. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on April 6, 2016.

Tronox Limited (NYSE:TROX): stock turned positive on Thursday. Though the stock opened at $4.38, the bulls momentum made the stock top out at $4.97 level for the day. The stock recorded a low of $4.36 and closed the trading day at $4.9, in the green by 14.75%. The total traded volume for the day was 2,771,819. The stock had closed at $4.27 in the previous days trading.

The company shares have dropped -73.71% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $16.98 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $5.04 and the 200 Day Moving Average price is recorded at $4.96. On the companys insider trading activities, Van Niekerk Willem Hendrik, (SVP, SP & BD) of Tronox Ltd had purchased 2,000 shares on May 12, 2016 in a transaction. The price per share was $5.11 and the total amount of the disclosed transaction was $10,220.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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