Derichebourg Shares Show Significant Midday Gains on January 22
On this Thursday at midday, Derichebourg shares are up by 4.63% to 7.685 euros in a hesitant Parisian market. This increase occurs in a context of a technical rebound for the metal recycling specialist, which has been recording positive performances across various time horizons. The stock is benefiting from an upward momentum that started several weeks ago, driven by solid annual results published in early December and cautious yet constructive outlooks for the current fiscal year.
Technical Chart Configuration
The technical chart configuration of Derichebourg shares indicates a renewed interest from investors. With an increase of 4.77% over the week and 27.34% over three months, the recycling specialist is enjoying a well-established upward trend. This Thursday, the stock has crossed its main resistance level at 7.48 euros, theoretically paving the way for new upward milestones.
The current level positions the stock significantly above its 50-session moving average (6.67 euros), signifying a strong momentum. However, the relative strength index has reached 75, entering a technical zone considered as overbought, which may prompt some operators to take short-term profits. This dynamic is part of an outstanding annual performance of 45.55%, reflecting regained market confidence in the stock despite a challenging sector environment.
Financial Performance and Analyst Recommendations
The group recorded a net profit of 122 million euros for the fiscal year 2024-2025, up from 74.8 million a year earlier. This improvement includes a positive contribution of 42.4 million euros from Elior, of which Derichebourg holds 48.17%. Revenues were set at 3,337.1 million euros, marking a decline of 7.5% due primarily to the decrease in European steel production and falling scrap prices.
In terms of analyst recommendations, two firms have recently expressed their views. Portzamparc raised its price target from 6 to 7 euros in early December with a 'strengthen' opinion, while TP ICAP Midcap maintains a 'hold' recommendation with a target at 6.40 euros. Both targets remain below the current trading price of 7.685 euros. For the current fiscal year, management is aiming for a turnover at least equivalent to that of 2024-2025 and a current EBITDA between 320 and 350 million euros, supported by European regulatory measures on carbon quotas and the ramp-up of Elior.
