Euromoney Institutional Investor PLC (ERM.L) 05-02-20
Euromoney Institutional Investor PLC (ERM.L): will it break the 1216p key support level, or bounce to highs of 1498p (+22%)?
- Currently trading around the 1216p support. The current price is 1224p (at time of writing).
- Support levels like these are often used by traders to assist with decision making.
- Strong support levels often suggest that there may be ‘hot money’ looking to buy at the key level. Of course, valuations can change.
- Will the share price rally again to recent highs of 1498p? (+22%).
- Shares -18% from 12-month highs; +6% from 12 month lows.
Latest News
29 Jan: UBS reiterates its neutral rating on Euromoney Institutional Investor (ERM) and reduced the target price to 1300p (from 1335p).
11 Dec: Peel Hunt has upgraded its rating on Euromoney Institutional Investor (ERM) to buy (from add).
25 Nov: UBS reiterates its neutral rating on Euromoney Institutional Investor (ERM) and reduced the target price to 1335p (from 1375p).
25 Nov: Euromoney Investors, the information group, announced it had taken over Wealth-X, the data source for high net worth individuals, for $20.4m. It is anticipated that the deal will boost revenues.
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires