Saint-Gobain Falls 2.86% Despite Endorsement from BofA Securities
Saint-Gobain dropped 2.86% to 84.34 euros this Tuesday, January 13, 2026, following its addition by BofA Securities to its 'Europe 1' list of top investment convictions. The bank maintained its buy recommendation with a target of 115 euros while reducing its operating income estimates by 2% to account for headwinds.
Recent Performance and Technical Analysis
The stock of the construction materials specialist fell 2.86% to 84.34 euros this Tuesday, January 13, 2026, partially erasing a rebound of 2.62% observed the previous day. The price has thus slightly dipped below its 50-day moving average, now at 84.45 euros, a level that acts as a short-term technical dividing line. Over a week, the stock is down 1.06%, while the three-month performance stands at -3.66%, confirming a challenging period for the stock which also remains significantly distant from its 200-day moving average at 92.29 euros. The RSI is at 46, in a neutral zone but without any real upward momentum, indicating a fragile balance between buyers and sellers. The MACD remains negative with a histogram at -0.30, confirming that the underlying trend is still downward. The price is just above the support threshold identified at 82.60 euros, a level whose breach could accelerate the corrective movement towards new lows.
BofA Securities' Stance and Market Context
BofA Securities has added Saint-Gobain to its 'Europe 1' list as well as to the '25 Stocks for 2026', a selection of companies exposed to significant operational or market catalysts, according to a note published Monday, January 13. However, the bank has reduced its operating income estimates for 2026-2027 by about 2% to incorporate the headwinds faced by the group, while maintaining its buy recommendation with a price target set at 115 euros. This position contrasts with that of UBS, which lowered its recommendation to sell on January 8, with a reduced target to 78 euros, citing a downside potential linked to increasing difficulties in the United States and a too slow European recovery. BofA Securities points out that the stock has underperformed the Euro Stoxx 50 index by more than 20% over the last six months, a gap explained by negative sentiment linked to political uncertainties in France and fears of a slowdown in the U.S. residential roofing market. Despite this unfavorable context, the bank believes that Saint-Gobain remains one of the last undervalued stocks in the sector according to its valuation criteria. The group will publish its 2025 annual results on February 26, a date awaited by investors who will scrutinize the evolution of the operating margin, which management aims to exceed 11% for 2025.
