Rexel Share: 10% Erased in One Month, Distributor Gains 2.5% During Session
The electrical equipment distributor is making a clear recovery in a well-oriented Paris market. The rebound comes after a period marked by financial operations, which has left the share below its main medium-term benchmarks.
A Rebound That Leaves Rexel Below Its Three Moving Averages
The Rexel share gains 2.37% to €34.12 in mid-afternoon, while the SBF 120 advances 1.04%. The share nonetheless remains below its three moving averages: the MA20 at €35.66 is 4.3% above the price, the MA50 at €36.20 at 5.8% and the MA200 at €36.08 at 5.4%. The support level at €33.33, which corresponds to the previous close, remains the closest level, and the RSI at 38 reflects a share still under pressure following a 10.1% decline over one month. This recovery session follows a series of financing operations. The acquisition of American GCG for 1.4 billion dollars, announced on September 25, was followed by a capital increase of approximately 500 million euros, whose success was announced on September 29.
A Half-Year Publication That Had Raised 2026 Targets
Upon publication of the first half of 2026, on July 27, the group had raised its growth and profitability targets for the fiscal year. Digital sales represented 35% of revenues at that time, up 160 basis points. Among the risks cited on this occasion were net financial debt up €690 million since end of 2025, at €3,322 million, and working capital requirements deteriorated to 16.3% of revenues. Over one year, the share maintains a gain of 20.1%, and the resistance level at €37.95 remains the high level identified in today's data.
