Kering Stock: Shares Fall Below 270 Euros, Jefferies Lowers Target
Kering shares are experiencing a significant decline this Thursday, February 19, dropping over 2% to settle at 269.90 euros. The stock of the French luxury group continues its downward trajectory that began in recent weeks, amid a context marked by a downward revision of the target price by Jefferies. Over three months, the performance has shown a decline of nearly 13%.
Jefferies Updates Kering's Price Target
On Wednesday, February 18, the American bank Jefferies updated its price target on Kering, lowering it from 290 to 280 euros, while maintaining a 'hold' recommendation. This new target represents an upside potential of about 3.7% compared to the current price of 269.90 euros, reflecting the institution's cautious outlook on the short-term prospects of the group. This revision comes as the stock has lost 3.5% over the past seven days and shows a decline of 12.88% over three months, indicating persistent selling pressure. Over a year, the decrease remains limited to 1.62%, but the recent dynamics indicate a significant slowdown in the stock market valuation of the owner of Gucci and Saint Laurent.
Kering's Current Technical Position
Kering is now trading below its 20-day moving average, which is at 271.20 euros, and significantly below its 50-day moving average at 289.02 euros, confirming a bearish trend in the short and medium term. This double breakdown illustrates the difficulty of the stock to regain momentum after several consecutive sessions of decline.
The most relevant support threshold is at 258.55 euros: if the correction movement continues, this level would constitute a technical area to watch. Conversely, the resistance at 317.40 euros remains distant from the current price by nearly 18%, highlighting the extent of the journey required for a potential significant rebound. The next major date in the group's calendar is the general assembly scheduled for May 28, 2026.
