Bouygues Shares Dip 1.8% in Morning Trading Despite Citigroup's Price Target Increase

Bouygues Shares Experience a Morning Decline Despite Citigroup's Upgraded Target

Bouygues shares fell by 1.8% this Tuesday, January 13, settling at 44.70 euros compared to 45.52 euros at the previous close. This correction occurs even as Citigroup raised its price target this morning to 47.80 euros from 39.20 euros previously, while maintaining a neutral recommendation on the stock. The downward movement is part of a technical breathing phase after a spectacular rise of 57.23% over one year and 17.42% over the last three months, propelling the French conglomerate among the top performers of the CAC 40 since the beginning of 2025. The price is now slightly below the resistance threshold identified at 46.30 euros, a level that had been tested in previous sessions. This technical zone represents a significant inflection point, whose sustainable crossing would pave the way towards analysts' targets. The stock remains solidly positioned above its key moving averages, with a 50-day MA at 42.86 euros and a 200-day MA at 39.27 euros, confirming the strength of the long-term upward trend. Citigroup's target increase echoes that of Morgan Stanley published on January 7, which had set its target at 49 euros, highlighting the growing consensus on the revaluation of the group's assets, particularly Equans whose operational performance exceeds expectations.

Technical Perspective: Relative Strength Index Indicates Neutral Zone

From a technical standpoint, the relative strength index stands at 58, returning to a neutral zone after having exceeded the threshold of 70 in previous sessions. This intermediate positioning indicates that the stock has released some of the upward tension accumulated, allowing for healthy consolidation before a possible resumption of movement. The RSI now reflects a balance between buyers and sellers, a configuration favorable to the construction of a solid technical base before a new crossing of the resistance threshold at 46.30 euros. The MACD presents a slightly positive histogram at 0.04, with a main line at 0.73 and a signal line at 0.69, indicating an active but moderate bullish momentum. The Bollinger Bands frame the price between 43.04 euros and 46.29 euros, with the stock currently moving in the center of this zone, confirming a phase of equilibrium. Investors will closely monitor the maintenance of support at 42.55 euros as well as the publication of the 2025 annual results scheduled for February 26, which should provide confirming elements on the group's trajectory and its ability to maintain its growth momentum in an environment marked by strategic order intakes like the 3.3 billion euro contract secured for the British nuclear power plant at Sizewell C.