FDJ United Stock: Shares Break Through Technical Resistance Boosted by Increased Dividend
FDJ United's stock made significant progress this Tuesday, recording a gain of more than 2% by midday. The stock benefits from the announcement of an increased dividend for the fiscal year 2025 and two new analyst recommendations released in the morning. With a current price of 25.10 euros, the stock marks a weekly performance increase of over 10%.
Dividend Announcement and Technical Breakthrough
Today's upward movement follows the announcement on Sunday of a proposed dividend of 2.10 euros per share for 2025, up from 2.05 euros paid the previous year. This proposal will be submitted to the general assembly scheduled for April 22, while the detachment of the coupon is set for April 28 and its payment for April 30. At the current price of 25.10 euros, the implicit dividend yield is approximately 8.4%. On a technical level, FDJ United has just surpassed its resistance identified at 25.06 euros, a threshold that had contained rebound attempts in recent weeks. This breakthrough occurs as the stock now trades well above its 50-day moving average, located at 23.09 euros, indicating a favorable short-term momentum. The RSI, at 68, is approaching the overbought zone set at 70, which could signal a weakening of the movement if buying pressure does not persist. The stock remains below its 200-day moving average (27.24 euros), reminding that the long-term trend is still downward, with a decline of 31.31% over one year.
Mixed Analyst Views and Upcoming Events
Two research firms updated their views on the stock this Tuesday. Rothschild & Co Redburn lowered its price target from 31.00 to 28.75 euros while maintaining a neutral stance on the stock. At this level, the potential for revaluation is about 14.5% relative to the current price. Meanwhile, Goldman Sachs raised its target from 23.00 to 24.20 euros but maintains a sell recommendation. This target is below today's price, implying a downside risk of about 3.6%. These two opinions reflect contrasting views on the prospects of the group formed from the merger between La Française des Jeux and Kindred. The next key event that could provide additional insights will be the release of the first quarter 2026 results, expected on April 21, followed the next day by the general assembly. Until then, market operators will have these valuation benchmarks to assess the short-term positioning of the stock.
