Pierre et Vacances Shares Surge Nearly 10% Midday Following Annual Results
Pierre et Vacances stock shows significant progress this Thursday, December 4, in mid-session, driven by the publication of improved annual results and prospects considered encouraging by investors for the current fiscal year.
Pierre et Vacances Shares Soar Nearly 10% to 1.69 Euros
Pierre et Vacances shares skyrocketed nearly 10% to 1.69 euros this Thursday at midday, registering at 1.692 euros, an increase of 9.87% compared to the previous day's close at 1.54 euros. The traded volumes remain moderate with 0.18% of the capital traded, but sufficient to support the movement. This surge occurs in a generally favorable stock market context, with the CAC 40 up by 0.33% at 8,113.83 points. The stock of the European specialist in tourist residences thus continues its recent positive momentum, showing a weekly performance of 9.02%, a three-month increase of 7.77%, and a one-year gain of 29.75%, significantly outperforming the Paris index, which has only advanced 11.83% over the same annual period. Pierre et Vacances posted a net result of 41 million euros for its 2024-2025 fiscal year, positive for the second consecutive year, compared to 28.7 million euros last year. The adjusted Ebitda increased by 3.9% to 181.1 million euros, in line with the group's expectations but slightly below analysts' forecasts. The portfolio of tourist bookings accumulated to date for the first half is significantly higher and the adjusted Ebitda for the entire 2025-2026 fiscal year is confirmed at 185 million euros, supporting investor optimism. This positive reaction is explained more by the prospects than by past figures, with analysts praising the group's growth trajectory. Technically, the stock is now trading above its 50-day moving average established at 1.62 euros and its 200-day moving average at 1.56 euros, confirming the medium-term upward trend. The price also breaks the resistance at 1.70 euros identified in the data, after having rebounded on the support at 1.52 euros. The relative strength index at 41 suggests that the stock is not yet in an overbought zone, potentially leaving room for a continuation of the rebound if volumes were to intensify. The proximity of the price to the upper limit of the Bollinger bands (1.61 euros) nevertheless requires vigilance, as the stock reached its intraday high at 1.70 euros during the session.
