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Home / Support and Resistance / Vesuvius (VSVS.L) 20-03-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Vesuvius (VSVS.L) 20-03-20

Will Vesuvius (VSVS.L) shares break through support at 341p, or push upwards again to 510p (+49%)?

 

  • Shares trading at 340.6p, near the 341p support (at time of writing).
  • Will the pattern repeat this time? This support has proven to be a key level in the recent past.
  • 510p was the recent high. (+49%)
  • Shares -46% from 12-month highs; +0% from 12 month lows.

Latest News

19 Mar:  RBC Capital Markets reiterates its outperform rating on Vesuvius (VSVS) and reduced the target price to 480p (from 510p).

11 Mar:  John McDonough, Chairman, bought 20,000 shares within the firm on the 10th March 2020 at a price of 397.51p. This Director currently has 120,000 shares.

09 Mar:  Berenberg reiterates its buy rating on Vesuvius (VSVS) and reduced the target price to 550p (from 565p).

28 Feb:  JP Morgan Cazenove reiterates its overweight rating on Vesuvius (VSVS) and reduced the target price to 549p (from 593p).

28 Feb:  JP Morgan Cazenove reiterates its overweight rating on Vesuvius (VSVS) and reduced the target price to 549p (from 593p).

27 Feb:  Vesuvius reported a £87.6m decline in revenues for 2019. This led to a decline in trading profits, limited to £15.8m for the full year.

14 Feb:  Jefferies International reiterates its buy rating on Vesuvius (VSVS) and reduced the target price to 590p (from 605p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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