Legrand Shares Climb 2.74%, Supported by Bullish Momentum
Legrand shares are up by 2.74% at mid-session this Thursday, February 5, 2026, reaching 138.55 euros. This increase solidifies the rebound observed over several sessions, with a weekly gain of 4.13%. The specialist in electrical and digital infrastructures continues its recovery after a decline of 6.16% over the past three months.
Stock Performance Reflects Accelerated Bullish Phase
The stock's trajectory reflects a marked bullish acceleration phase. The price is now moving above all its moving averages, notably breaking through the resistance at 137.20 euros. The underlying trend remains favorable with positions above the 50-day (128.31 euros) and 200-day (125.84 euros) averages. The RSI has reached 71, slightly exceeding the overbought zone set at 70, suggesting a potential for short-term exhaustion. This technical configuration indicates that investor enthusiasm might require a consolidation phase. The monthly volatility remains moderate at 6.07%, indicating a relatively controlled progression of the stock.
Financial Experts Hold Contrasting Views
Financial experts display contrasting positions on the matter. CIC Market Solutions maintains a buy recommendation with a target price set at 145 euros since January 13, implying an appreciation potential of nearly 5% compared to the current level. Conversely, Oddo BHF maintains a neutral stance while lowering its target from 138 to 133 euros on January 29, indicating a potential decrease of 4%. These divergences occur a week before the announcement of the annual results for 2025, scheduled for February 12. This deadline is a major catalyst likely to clarify the group's outlook. The general meeting is scheduled for May 27, 2026, while the first quarter results will be unveiled on May 7.
