Bouygues Shares Surge 2.67% in Morning Trading Amid Telecom Rumors
Bouygues has risen by 2.67% this Thursday, January 22, to 45.39 euros following a joint press release with Orange and Free-Iliad confirming the initiation of due diligence since early January, with no agreement concluded at this stage.
Morning Trading Dynamics
Bouygues' shares gained 2.67% this Thursday morning, reaching 45.39 euros compared to 44.21 euros at the previous day's close, in a limited trading volume representing 0.02% of the capital. This rebound follows a joint statement released this morning with Free-Iliad Group and Orange, indicating that due diligence efforts have been underway since the beginning of January 2026, with no legal or financial agreement to date. Technically, the stock is now close to its 50-day moving average established at 43.62 euros, confirming a medium-term bullish momentum. More notably, the price is significantly above the 200-day moving average set at 39.61 euros, indicating a solidly upward long-term trend. The RSI at 49 suggests a neutral position with room for progression before reaching an overbought zone, while the resistance threshold at 46.30 euros is approaching and could be the next short-term technical target.
Annual Performance and Analyst Perspectives
Beyond today's movement, Bouygues has shown a spectacular annual performance of 50.2%, confirming sustained investor interest in the stock. Over three months, the increase amounts to 11.33%, reflecting a recent acceleration favored by several structural factors, including the creation of a Construction Division in early January that groups together Colas, Bouygues Construction, and Bouygues Immobilier. Regarding analyst opinions, Citigroup raised its price target to 47.80 euros on January 13 with a neutral recommendation, while Morgan Stanley has been targeting 49 euros since January 7 with a market-weight rating. These targets offer an upside potential of 5 to 8% from the current level. The group will publish its annual results for 2025 on February 26, an eagerly awaited event to gauge the operational trajectory of the conglomerate in a strategically reorganizing environment.
