Kering Stock: Shares Rebound After Annual Results
Kering's stock is up 1.72% this Thursday morning at 284.50 euros, extending an upward trend that started a week ago (+7.62%). This movement follows the publication of the luxury group's annual results for 2025 and two target price upgrades by investment banks.
Annual Financial Results and Market Reaction
Kering unveiled its annual accounts on Tuesday, reporting a 13% decline in revenue to 14.7 billion euros for the fiscal year 2025. Despite this significant contraction, the management highlighted the strengthening of its financial structure and set a goal to return to growth by 2026. The market responded positively to these figures, considering them better than anticipated. Following this announcement, two institutions revised their price targets upwards. TD Cowen raised its target from 310 to 330 euros while maintaining a 'hold' recommendation. Morgan Stanley made the same adjustment, increasing its target from 315 to 330 euros, with an 'overweight' rating. At 330 euros, these targets represent a potential revaluation of about 16% from the current price. These revisions suggest that analysts see favorable medium-term elements in the published accounts, particularly the announced trajectory back to growth.
Technical Analysis of Kering Stock
From a technical standpoint, Kering's stock is currently priced at 284.50 euros, which is below its 50-day moving average of 290.83 euros, now acting as a short-term resistance. However, the price is significantly above the 200-day moving average of 249.27 euros, indicating a long-term upward trend. The RSI, an indicator measuring the speed of price changes, stands at 53, placing it in a neutral zone, meaning the stock is neither overbought nor oversold. This reading reflects a relative balance of forces following the significant rebound over the past week. The next technical threshold to watch is the resistance at 317.40 euros, whose breach could confirm the recovery that has started from recent lows around 258.55 euros.
