Shares in Elementis (ELM.L) have fallen notably from recent highs of 184.5p. Will the trend prevail, or is this an opportunity for you to pick up a bargain?

• Currently at 135.6p (at time of writing). A move up to highs would represent a rise of 36%.
• These share are amongst the biggest fallers in the period.
• Is the move unfinished, or are we about to see a bounce?
• The market has been known to over-react to bad news. Investors should consider whether these falls are justified, or is this an over-reaction?
• Shares -31% from 12-month highs; +4% from 12 month lows.

Latest News

15 Jan:  JP Morgan Cazenove reiterates its overweight rating on Elementis (ELM) and cut the target price to 170p (from 195p).

14 Jan: Elementis, the chemicals group, issued a profit warning after a poor Q4. Its chromium and energy business units were adversely affected by a difficult 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).

19 Nov:  Elementis announced that it would cut costs in order to to realise a medium-term operating profit margin of 17%. Management delivered cost reductions of $10m in 2019.

04 Nov:  UBS reiterates its buy rating on Elementis (ELM) and cut the target price to 175p (from 185p).

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

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