Legrand Shares Decline by 2.18% at the Close of January 6, 2026
Legrand's share price fell by 2.18% to close at 125.80 euros on Tuesday, January 6, 2026, with trading volumes representing 0.27% of the capital. The stock had dropped to 124 euros mid-session, marking the steepest decline in the CAC 40 for the day. This movement is primarily due to Deutsche Bank's reduction of its price target from 150 to 145 euros, while maintaining its 'hold' recommendation. The previous day, Morgan Stanley also adjusted its target to 138 euros from 140 euros, yet maintained a favorable opinion. The stock is now significantly below its 50-day moving average of 132.36 euros, indicating recent selling pressure in a context of an 11.94% decline over three months. Technically, the price is approaching the support threshold of 123.60 euros, while the RSI at 61 indicates a moderately positive momentum, without extreme conditions. The MACD histogram at 0.36 suggests a very short-term bullish recovery onset, but the stock remains hampered by its position below its medium-term moving averages.
Despite this stock market setback, Legrand continues its strategy of external growth. The group has announced seven acquisitions since the beginning of 2025, representing approximately 500 million euros in additional revenue, mainly in data centers and energy transition sectors. In the first nine months of 2025, the group reported a growth of 14.5% excluding currency effects, with an adjusted operating margin of 20.7% and a free cash flow increase of 16.3%. Analyst consensus sets an average target of around 149 euros for three months, offering a theoretical potential of more than 18% compared to the closing price. The financial calendar schedules the publication of the 2025 annual results on February 12, 2026, a date eagerly awaited by investors to confirm the achievement of the revised upward targets last July, aiming for sales growth between 10 and 12% and an adjusted operating margin of 20.5 to 21%. Analysts remain generally constructive, with targets ranging from 138 euros (Morgan Stanley) to 164 euros (Barclays), reflecting confidence in the structural growth drivers of the specialist in electrical building infrastructure.
