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Home / Stocks and Markets at Lows / Elementis (ELM.L) 31-01-20

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

Elementis (ELM.L) 31-01-20

Elementis (ELM.L) shares have fallen significantly from the most recent highs of 184.5p. Will it continue, or is this an opportunity to pick some up?

 

  • A return to previous highs would represent a rise of 43%. Now at 129p (at time of writing).
  • This is one of the biggest fallers of late.
  • Traders should consider whether it is down for good reason, or is this another over-reaction?
  • Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
  • Shares -34% from 12-month highs; +0% from 12 month lows.

Latest News

30 Jan:  Credit Suisse reiterates its outperform rating on Elementis (ELM) and reduced the target price to 186p (from 220p).

29 Jan:  Berenberg reiterates its buy rating on Elementis (ELM) and reduced the target price to 180p (from 200p).

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).

 

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

 

Click to enlarge

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