Carrefour's Stock Bounces Over 2% and Recovers Key Averages

The Stock Moves Above Its 20 and 50-Day Moving Averages

Carrefour's stock gains 2.14% to €16.67, in a CAC 40 that is up by 0.95%. The stock ranks among the highest risers in the CAC 40, trailing behind STMicroelectronics, LVMH, and ArcelorMittal. This rise offsets part of the monthly decline of 2.86% and brings the weekly gain to 4.61%. Technically, the session allows the price to move back above the 20-day moving average (MM20) at €16.55 and the 50-day moving average (MM50) at €16.58, both of which were lost during Monday's decline linked to the surge in oil prices. The 200-day moving average (MM200) at €14.49 remains well behind, over 15% below the current price, confirming the underlying bullish trend, fueled by an annual performance of nearly 29%. The RSI at 48 remains neutral, without any excess in either direction.

Debt Optimization and Moderate Valuation Compared to Consensus

The session extends a movement that began late last week, as the group finalized in early June an operation of repurchasing €200 million in bonds and placing €750 million due in 2034, aimed at smoothing the debt maturity profile. This operation is part of the strategy to optimize the debt maturity profile of the group. In terms of valuation, the stock is trading at approximately 9.4 times the earnings expected for the current fiscal year and 8.9 times those of the next, according to the consensus of surveyed analysts, with an expected EPS growth of 6.3% from one year to the next. The next technical benchmark on the upside is the resistance identified at €17.46.