Bolloré share breaks through its support level at €3.77 following Bluebus halt
The Breton group is experiencing a difficult session on Wednesday, penalized by the announcement of a planned halt to production of its Bluebus electric buses and a reorganization of its battery activities. The stock decline occurs in a context of an already under-pressure Paris market, with the SBF 120 declining by nearly 2% during the session.
Support level broken through and ranking at the bottom of the SBF 120 following Bluebus announcement
Bolloré is down 3.64% to €3.656 during the session, ranking among the steepest declines in the SBF 120. The share has broken through its support threshold at €3.77 and has remained below it since the start of the session, which constitutes a notable breach compared to the previous session, which closed at €3.794. This move comes following the project presented to employees to halt manufacturing of Bluebus electric buses in Ergué-Gabéric and to reorganize Blue Solutions' battery activities, according to a press release dated September 8, 2026.
Two information and consultation procedures with employee representatives have been opened on these two aspects. The week has already been difficult for the share, which is down 5.48% over seven days, while the monthly decline remains more moderate at 3.43%.
CIC Market Solutions maintains its buy recommendation, interim results expected on September 16
Despite today's pressure, CIC Market Solutions maintains its buy recommendation on the share on Wednesday, with a price target of €5.00, representing an upside potential of nearly 37% compared to the current price. From a technical perspective, Bolloré is trading below its 20-day moving average at €3.84 (gap of 4.79%) and its 50-day moving average at €3.92 (gap of 6.73%), which reflects a deterioration in short and medium-term momentum. The share is, however, near its 200-day moving average at €3.67, with a gap of only 0.38%, which represents a technical level to monitor closely.
The RSI at 42 remains in neutral territory without an oversold signal. The next concrete milestone is the publication of interim results, expected on September 16, 2026.
