Bouygues Shares Drop 1.65% but Oddo BHF Targets €61 with 21% Potential
Bouygues shares fell 1.65% to €50.22 in mid-afternoon trading, within a CAC 40 that is down by 0.78%. The stock has fallen below its 50-day moving average (€50.77). Over one year, however, the stock still maintains a gain of nearly 33%.
A Decline in Line with the Drop of Major French Construction Firms
Bouygues ranks 35th in the CAC 40 this Friday, in a session generally trending downward. The two direct comparables in the sector show similar variations: VINCI is down 1.52% and Eiffage 1.66%. The decline comes two days after the announcement of the first quarter revenue. The group reported a revenue of €12.2 billion, down 1.7% at constant exchange rates, while confirming the resilience of its current operating result and a net debt reduction of €2 billion over one year. The construction sector in France remains challenging, with a construction climate at -18 and order books at -33 according to the latest data published in April 2026.
Stock Below its 50-Day MA, Oddo BHF Targets €61
At €50.22, the price is just below its 50-day moving average of €50.77, which it had crossed downwards yesterday. It remains well above its 200-day MA at €43.80, indicating a still bullish underlying trend. The RSI at 49 is neutral and the technical support at €48.92 is not threatened during the session. Regarding analysts, Oddo BHF upgraded from neutral to outperform on May 6 with a revised target from €50 to €61, representing a potential of about 21% relative to the current price. The next financial meeting is scheduled for July 30, 2026, with the publication of the half-year results.
