Elementis (ELM.L) 05-02-20
Will Elementis (ELM.L) shares break below the 130p support zone, or will it return to highs of 182p (+38%)?
- Currently trading around the 130p support at 131.6p (at time of writing).
- The support has proven robust to date. Will the pattern repeat?
- The price has tested this level repeatedly. Traders should be mindful of stop-loss placement.
- Will the share price bounce once again to recent highs of 182p? (+38%).
- Technical traders should be mindful of news and developments. Check our website and the press for updates.
- Shares -33% from 12-month highs; +2% from 12 month lows.
Latest News
30 Jan: Credit Suisse reiterates its outperform rating on Elementis (ELM) and reduced the target price to 186p (from 220p).
29 Jan: Berenberg reiterates its buy rating on Elementis (ELM) and reduced the target price to 180p (from 200p).
22 Jan: UBS reiterates its buy rating on Elementis (ELM) and reduced the target price to 165p (from 175p).
21 Jan: Jefferies International reiterates its hold rating on Elementis (ELM) and reduced the target price to 153p (from 190p).
15 Jan: JP Morgan Cazenove reiterates its overweight rating on Elementis (ELM) and reduced the target price to 170p (from 195p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires