Kering: the stock breaks through its 209.25 € support level, its monthly decline worsens
The luxury group that owns Gucci and Saint Laurent continues its slide at midday, within a CAC 40 index also oriented downward. Two revised price target reviews, dated Monday, accompany a stock that remains significantly below all of its moving averages.
The 209.25 € support level gives way during the session as the monthly decline reaches 14.7%
Kering shares are down 2.06% at 209.10 €, after breaking through its 209.25 € support level during the session. The stock is now trading 8.12% below its 20-day moving average (227.59 €), and this decline is part of a monthly pullback of 14.7%, while the Paris index is down approximately 1%. The RSI at 35 remains close to the oversold zone without entering it.
In the CAC 40 ranking, the security is among the session's steepest declines. The market context weighs on the entire listing: tension over French debt, with a 10-year OAT at 4.72% according to the latest Bank of France reading dated October 6, surrounds a Paris session oriented downward.
Two price targets lowered Monday, UBS and RBC Capital reduce their targets
On October 5, UBS lowered its price target from 285 € to 224 €, with a "hold" rating. RBC Capital, for its part, reduced its target from 280 € to 260 €, while maintaining a sector performance opinion. These two levels remain respectively 7.1% and 24.3% above the current share price.
On the fundamental side, the stock has been under pressure for several weeks. At the publication of the first half 2026 results on July 29, the group reported Gucci revenue down 5% on a comparable basis and group net income down 60%, at 189 million euros. The level of 209.25 € is now the one to reclaim for the stock.
