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Home / Momentum / Elementis (ELM.L) 08-11-19

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

Elementis (ELM.L) 08-11-19

Elementis (ELM.L) has been in a strong uptrend. Will it continue to set new recent highs?

 

  • Priced at 175.4p (at time of writing), momentum has been strong.
  • Will it come to an end, or is the trend your friend?
  • Could this be an opportunity for momentum traders?
  • Technical traders should be mindful of new developments, which can have an affect on trends.
  • Shares -14% from 12-month highs; +35% from 12 month lows.

Latest News

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

01 Nov:  Berenberg reiterates its buy rating on Elementis (ELM) and reduced the target price to 200p (from 210p).

31 Oct:  Elementis, the chemicals company,  announced that it anticipated an improved performance in the second half. It said that it believed management expectations would be met despite the continued slowdown in the macroeconomic environment.

01 Aug:  UBS reiterates its buy rating on Elementis (ELM) and reduced the target price to 185p (from 200p).

30 Jul:  Elementis announced that profits were higher by almost a third in H1, with revenues boosted by the acquisition of the Talc business.

11 Jul:  UBS reiterates its buy rating on Elementis (ELM) and reduced the target price to 200p (from 210p).

05 Jul:  JP Morgan Cazenove reiterates its overweight rating on Elementis (ELM) and reduced the target price to 195p (from 215p).

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

 

Click to enlarge

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