Eutelsat stock rebounds 4.5%, leading the SBF 120 pack
Eutelsat Communications is accelerating significantly mid-session on Thursday, ranking among the rare SBF 120 stocks posting clear gains in a declining European market. The previous day, Berenberg issued its opinion on the stock, setting a price target of €2.00, while the technical setup remains under pressure with RSI close to the oversold zone.
Berenberg sets €2.00 target as stock rebounds 4.7%
During the session, Eutelsat Communications gains 4.7% to €1.86, after closing the previous day at €1.78. This rebound comes following an opinion published by Berenberg on September 2, which adopted a "hold" opinion with a price target of €2.00. This level represents an upside potential of approximately 7.6% compared to the current price.
Ranking 5th in the SBF 120 during the session, the stock is among the strongest gainers in the index, while the CAC 40 and SBF 120 each give up some ground. Over one month, however, Eutelsat still posts a decline of 9.45%, and over three months the loss exceeds 46%. Today's rebound thus marginally alleviates a profound quarterly deterioration.
Technical setup remains fragile, price below all three moving averages
Today's recovery is insufficient to erase the underlying downward pressure weighing on the stock for several weeks. The price at €1.86 remains below the MA20 at €1.97 (gap of 5.6%), the MA50 at €2.13 (gap of 12.7%) and the MA200 at €2.36 (gap of 21.2%): the three moving averages form a bearish alignment that places natural resistance well above current levels. The RSI at 33 is approaching the oversold zone, reflecting selling exhaustion over the recent period rather than a confirmed trend reversal.
The €2.22 resistance threshold represents the next level to overcome for the rebound to take on a more significant dimension, while the €1.74 support represents the floor to defend in case of a return of selling pressure. Furthermore, upon publication of FY 2025 annual results on August 5, 2025, the group had highlighted the growth of its LEO activity by 69.5% to €297 million, now representing 25% of total revenue, a development axis that the group was presenting at that time as a transformation lever facing the structural decline of the GEO segment.
