Legrand Stock Hits Historic High of €159.40 Before Earnings Release
Legrand stock reached a new historic high this Wednesday morning, 24 hours before the announcement of its Q1 2026 results. The stock is up 1.93% at €159.40 at the start of the session, surpassing the previous record set on February 25th last year. Over one year, the valuation has increased by nearly 60%.
A New Historic High on the Eve of Q1 2026
The Legrand stock has surpassed the old peak of €157.35 set on February 25, 2026. The price now stands at €158.70, up from €155.70 at the previous close. The rise continues after a week already up +7.3%, while the CAC 40 is up 1.32% during the session. The group will publish its Q1 2026 results on Thursday, May 7. In the report for the first nine months of 2025, Legrand confirmed it was targeting revenue growth between +10% and +12% and an adjusted operating margin between 20.5% and 21.0% of sales. The company highlighted the organic momentum driven by data centers and seven strategic acquisitions representing approximately €500 million in revenue. The general meeting is scheduled for May 27, followed by the dividend detachment on May 29.
Stock Breaks Above the Upper Bollinger Bands
The price is now above the upper limit of the Bollinger Bands set at €156.53, indicating an overbought condition. The gap with the 50-day moving average, at €143.80, is nearly 10%, and the 200-day moving average at €136.58 is well below the current price. The RSI at 64 remains below the overheating zone, not crossing the threshold of 70. The previous resistance at €155.70, which was the recent high, gave way right at the opening. The stock had fallen to €148 on April 28th, before rallying for six sessions to this new record. The next significant event for shareholders is the quarterly publication on Thursday morning.
