Capgemini the Laggard of CAC 40, at €102.20 Despite Raised Target
The digital services group's stock significantly declines this Thursday midday in a Parisian market taking a breather after several sessions of gains. The CAC 40 is down 0.11% during the session. Capgemini erases some of last week's rebound.
Capgemini the Laggard of CAC 40 at Mid-Session
The stock drops 2.62% to €102.20, occupying the last position in the CAC 40 session ranking. It is followed by Bouygues (-2.30%) and Pernod Ricard (-2.18%), while Kering, Hermès, and Legrand lead the gains. The decline comes after a weekly rebound of more than 9% which had pushed the stock towards the resistance level of €110.60. The price now slightly moves below the 50-day moving average, which is at €103.53, and remains far from the 200-day MA at €122.77. The RSI at 53 is neutral. Over three months, the stock is down 11.44%, and 28.76% over one year. The identified technical support is at €96.20.
An 800 Million Euro Bond Issue and an Upgraded Alphavalue Rating
The group announced yesterday the successful placement of an 800 million euro bond issue with a 7-year maturity, featuring a coupon of 3.875% and oversubscribed by 2.7 times. This operation serves to refinance a loan maturing in April. From the analysts' side, Alphavalue upgraded its price target from €134 to €136 on Tuesday, maintaining its buy recommendation. The target offers a theoretical potential of about 33% over the current price. Next key dates include the general assembly on May 20, 2026, followed by the Investors' Day on May 27.
