Elementis (ELM.L) 28-01-20
Will Elementis (ELM.L) shares break below the 130p support, or return to highs of 195p (+50%)?
- Currently close to the 130p support at 129.6p (at time of writing).
- This has been identified for ostensibly strong support level. Traders should consider whether they think it will hold up again.
- Will the price bounce again to recent highs at 195p? (+50%).
- Technical traders should consider potential news and developments. Check our website and the press for updates in future.
- Shares -34% from 12-month highs; +0% from 12 month lows.
Latest News
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).
14 Jan: Elementis, the chemicals company, issued a profit warningafter a ‘subdued’ end to the year. Its chromium and energy businesses were dragged down a challenging market.
08 Jan: Jefferies International has downgraded its rating on Elementis (ELM) to hold (from buy) and increased the target price to 190p (from 180p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires