Pluxee Shares Hit Record Low After 51% Annual Drop

Current Market Position

Pluxee is now significantly below its 50-day and 200-day moving averages, which stand at €11.53 and €15.20 respectively. This gap indicates a downward trend that has been established for several months, with the stock losing nearly 20% over three months. The RSI, an indicator measuring the momentum's intensity, remains at 39: a level approaching the oversold zone (below 30) without yet reaching it, signaling persistent selling pressure without immediate signs of reversal. The nearest technical support is at €10.58, exactly the previous day's closing price, which was briefly breached at the start of the session to set this new record low at €10.57. This intraday breach illustrates the fragility of this floor. During the session, the CAC 40 dropped 0.39% to 8,010 points and the SBF 120 fell by 0.34%, an environment that does not particularly support the stock.

Recent Analyst Adjustments

On Monday, March 10, the investment bank Jefferies significantly lowered its price target on Pluxee, from €14.50 to €11.50, while issuing a 'hold' recommendation. This new target represents a potential revaluation of about 7.7% compared to the current price of €10.68. The more than 20% reduction in the target price highlights the adjustment of analysts' expectations in response to the stock's recent trajectory. The upcoming semi-annual results, expected on April 16, 2026, will be a crucial milestone to assess the group's operational dynamics. The third quarter revenue will be published on July 3. Until then, visibility remains limited on the company's fundamentals, in a context where the stock has lost more than half its value over the past twelve months.