Ipsos Shares Drop 1.97% to €35.76 Ahead of General Meeting

The Stock Reaches its 20-Day Moving Average After a Solid Quarter

At €35.76, the stock is back to its 20-day moving average (€35.67) and remains slightly above the MM50 (€35.48) and MM200 (€34.80). Today's decline follows a still favorable three-month trajectory (+19.2%), although the performance over one year remains significantly negative (-21%). The RSI at 53 is neutral, showing no directional excess. The price is in the middle of the Bollinger Bands, at 52% of the range. The identified support threshold in the data is at €33.10, with resistance at €39.74. Therefore, today's technical setup remains without a strong signal, in a tightened range around the short moving averages.

A Deteriorated Bond Environment Weighs on SBF 120 Two Days Before the General Meeting

The session unfolds in a tense bond climate: the sovereign yields of the US and Japan have reached their highest levels since February 2025 and 1996 respectively, fueled by Brent around $111 and upwardly revised inflation expectations. This environment weighs on assets sensitive to rates and partly explains the decline of the SBF 120 (-0.78%), with Ipsos following the downward trend without distinction. As a reminder, the group posted a 2.4% decline in revenue for the first quarter of 2026, with organic growth at -1.4% and a 1% increase in organic order books. Regarding valuation, the stock is trading at approximately 6.8 times the expected earnings for the current year, compared to an average of 14.3 times for the discretionary consumption sector. The next important dates are the general meeting on May 20, 2026, followed by the semi-annual results on July 23.