Legrand Shares Bounce Nearly 2% and Test Their 200-Day Moving Average
The electrical infrastructure specialist is regaining ground this Tuesday mid-session, after several days of decline that had brought it below closely watched technical benchmarks. The rebound is occurring in a Parisian market trending upwards, as CIC Market Solutions has just reiterated its stance on the stock.
A Technical Rebound Begins After a Decline that Brought the Stock to Contact Short-Term Supports
Legrand's stock is up 1.89% at €142.75 mid-session, while the CAC 40 index has gained 0.88%. The stock is among the notable risers in the index, after having lost nearly 9% over a month. The rebound occurs immediately at the 200-day moving average, set at €139.28, which acts as technical support after the breakdown of short-term supports. However, the price remains below the 20-day moving average (€149.58) and the 50-day moving average (€147.94), with a gap of approximately 3.5 to 4.6%. The RSI at 37 reflects recent selling pressure without reaching the oversold zone, leaving the configuration midway between bearish exhaustion and a mere pause.
CIC Market Solutions Maintains Its Target at €167 and the Industrial Calendar Expands
Free · Every morning
Technical market signals, before the opening bell.
Bullish and bearish momentum, analyst changes, stocks to watch — automatically computed from Euronext data.
✓ Before 9 AM every morning✓ Euronext data✓ AI-powered analysis
You're in — subscription confirmed!
Your first edition is on its way. Check your spam folder and add us to your contacts.
An error occurred.
Indicative data. No investment advice. Unsubscribe at any time.
Gratuit · chaque matin
Ne ratez plus rien sur vos actions
La tendance derrière les cours. L'essentiel des valeurs Euronext en quelques minutes.
📈les valeurs en mouvement, sur la durée
🎯les objectifs d'analystes qui évoluent
📰les actualités qui font bouger les cours
tendance · 6 séances
✓ C'est fait, vous êtes inscrit !
Votre première édition arrive bientôt. Pensez à vérifier vos spams.
Une erreur est survenue.
CAC 40 · SBF 120 · données indicatives · aucun conseil en investissement · désinscription à tout moment.
From the analysts' perspective, CIC Market Solutions confirmed on June 8 its 'hold' rating on the stock, maintaining its price target at €167. At current levels, the target offers a theoretical potential of about 17% compared to today's price. Industrially, the group remains actively engaged in external growth: the acquisition of SRS Power Engineering in Malaysia, announced on May 20, marks the fifth completed operation in 2026, following a strategy focused on data centers and energy transition. Over one year, the stock maintains a gain of 30.25%, despite the correction initiated since the historic peak in early May. The 200-day moving average at €139.28 remains the technical level to watch to confirm or refute the ongoing stabilization attempt.
SectorMachines et équipements industriels›Équipements électroniques
Free · every morning · before 9am
Never miss a move on your stocks
The trend behind the prices · Euronext
✓ You're in! Check your spam folder.
An error occurred.
Context
Period
Period: S1 2026
Key reported figures
Revenue: 5 400 millions d'euros
Quarterly revenue: 5 400 millions d'euros
Revenue growth: 13,1 %
EBITDA: 1 263 millions d'euros
EBITDA margin: 23,4 %
Net income: 698,2 millions d'euros
5 755 millions d'euros
Guidance from the release
Legrand enregistre un semestre solide avec à nouveau une croissance record de ses ventes de +17% hors change et toujours une excellente rentabilité ; Objectifs annuels 2026 relevés
Risks mentioned
Situation géopolitique et économique qualifiée de « très évolutive » par la direction
Effets de change négatifs, la croissance publiée étant inférieure à la croissance hors change
Dépendance croissante à la dynamique du marché des centres de données
Opportunities identified
Croissance record de +17 % hors change tirée par les centres de données
Sept acquisitions créatrices de valeur dans la transition énergétique et numérique
Nombreux lancements de produits nouveaux dans le cadre du plan stratégique
Outlook / guidance
Expected revenue: 11 140 millions d'euros
Management commentary: sales growth (excluding currency effects) of between +16% and +19% (vs. +10% and +15% previously), comprising organic growth of between +8% and +10% (vs. +4% and +7% previously), and growth through acquisitions of around +8% (vs. between +6% and +8% previously); ■ adjusted operating margin (after acquisitions) of between 20.5% and 21.0% of sales (unchanged)
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
