Bouygues Shares Rise Midday, Following Two Target Upgrades

Technical Indicators and Recent Performance

The Bouygues stock has just surpassed its resistance level of 46.30 euros, confirming the upward trend that began in recent weeks. The 50-day moving average is at 44.17 euros, while the 200-day average is at 39.89 euros, showing a positive technical configuration with a gap of over four euros between these two indicators. The Relative Strength Index is at 51 points, indicating a balance between buyers and sellers in a neutral zone. The reference support is now positioned at 43.97 euros. Over a one-year period, the stock of the construction and telecommunications group has recorded a remarkable performance of 51.91%, illustrating an improvement in its market valuation. In the shorter term, the increase is 18.91% over three months and 4.59% over the last week, confirming the acceleration of the movement.

Significant Course Objective Revisions by Investment Banks

In mid-January, Citigroup made a significant revision to its price target, now set at 47.80 euros compared to 39.20 euros previously, while maintaining a neutral recommendation on the stock. This new target implies a limited upside potential of 2.7% compared to the current price. Meanwhile, Morgan Stanley also raised its target in early January, moving it from 44 euros to 49 euros, with a market weight opinion. This latest estimate suggests a potential for growth of 5.3% for the stock of the French conglomerate. These successive adjustments reflect a more favorable view of the group's prospects, yet without convincing analysts to adopt outright buy recommendations. The financial calendar anticipates the publication of the 2025 annual results on February 26, a date that may provide additional elements on the operational and financial trajectory of the company.