Legrand stock breaks through support at €127.30 and falls 3.5%
The electrical equipment manufacturer for buildings extends its decline in the CAC 40, which is also falling, amid persistent tension over French debt. The stock has just broken through a technical threshold it was defending, following a change of opinion from a major American bank.
The €127.30 support gives way and becomes a resistance level for the stock
Legrand loses 3.43% to €126.80 during the session and ranks among the strongest declines in the CAC 40, which fell 1.35%. Early in the session, the price broke through its lowest level in the last 150 sessions at €127.30, a level that now acts as resistance. The stock is trading 10.08% below its 200-day moving average, and its decline has reached 6.32% over one week.
The RSI at 36 remains above the oversold zone, with no signs of selling exhaustion at this stage. The next support level is at €123.60, approximately 2.5% below the current price.
A Goldman Sachs upgrade to buy contrasts with the trading session
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.
The decline comes as Goldman Sachs upgraded its opinion from neutral to buy on October 21, with a price target raised from €156 to €172. This target implies a potential upside of more than 35% compared to the current price. The stock is trading in a Paris market weighed down by tension over French debt: the 10-year OAT is at 4.99% according to the latest reading from the Banque de France, at its highest level in its series since 2004. The latest reading from the Banque de France dates from October 21, and the €127.30 level will be the threshold to monitor in case of a rebound.
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% »
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.
