Bouygues Shares Drop 2.34% Despite Oddo BHF Upgrade to €61
Bouygues shares fell 2.34% to €51.76 by midday this Thursday, May 7, marking one of the steepest declines in the CAC 40 (39th out of 40), while the index remained nearly stable (-0.11%). The morning's quarterly release and an upgrade from Oddo BHF influenced the session. Nevertheless, the stock has still gained 36.39% over the past year.
A Quarter in Decline but a Lighter Balance Sheet
This morning, Bouygues reported a first-quarter revenue of €12.2 billion for 2026, down 1.7% at constant exchange rates. The current operating profit stood at €77 million, and net financial debt was reduced by €2 billion over the year. The group confirmed its annual outlook. In the nine-month 2025 results, management aimed for a slight increase in COPA and sales at constant exchange rates for the 2025 fiscal year, relying on a construction order book of €32.1 billion. The group had cited adverse exchange rate effects and an exceptional surcharge on large companies in France among the main risks. In corporate news, the Feronord consortium, which includes Infrakraft, Bouygues Public Works, and Colas Rail, secured a €1.2 billion railway contract in Sweden on May 7 as part of the East Link project.
Oddo BHF Raises Target, Stock Moves Away from Resistance
Oddo BHF upgraded from neutral to outperform on May 6, with a target raised from €50 to €61, representing a potential upside of about 17.8% from the current price. The details of the recommendations show this upgrade going against the session's downward trend. The stock is moving away from its €53 resistance, tested several times in recent weeks, to return to its 20-day moving average at €51.75. The RSI at 59 remains in the neutral zone, with no overbought or oversold signals. The stock continues to trade well above its 200-day average of €43.74, reflecting the underlying momentum that has been building over the past year. The next key event will be the 2026 half-year results, expected on July 30.
