Rémy Cointreau Shares Drop 4.37% at Midday
The producer of cognacs and spirits undergoes a significant correction this Monday on the Paris Stock Exchange after several volatile sessions.
Rémy Cointreau Shares Fall 4.37% to €38.92
Rémy Cointreau's stock has fallen by 4.37% to €38.92 at midday this Monday, January 19, with moderate trading volumes, accounting for 0.11% of the capital traded. This correction follows a technical rebound that began in early January, with the stock having risen by 8% on January 8 in the wake of reassuring quarterly results published by American competitor Constellation Brands. The maker of Rémy Martin cognac and Cointreau liqueur is now slightly below its 50-day moving average set at €39.06, while an RSI at 79 indicates an overbought zone characteristic of a short-term technical overheating. This decline is part of a challenging stock market context for the group: the stock has lost 29.75% over one year and 18.82% over three months, penalized by a tense market environment for the premium spirits sector, particularly in Asia.
Analysts' Opinions Remain Divided
Analysts' opinions remain divided on the stock. Goldman Sachs raised its price target from €48 to €50 on January 9 while maintaining a neutral recommendation, suggesting a potential upside of 28.5% from the current price. Conversely, Barclays maintains a cautious stance with an underweight recommendation and a target price of €35, anticipating a further decline of 10% from current levels. This divergence of views reflects the uncertainty surrounding the group's ability to rebound in a high-end spirits market that remains under pressure. The stock will fluctuate with the publication of the third-quarter revenue expected on January 29, 2026, which should provide insights into the group's business dynamics, particularly in the Asian market, which accounts for more than 40% of sales.
