Thales Shares Dip 0.65% at Close in a Context of Technical Consolidation
The French defense and aerospace equipment manufacturer Thales ended the trading session on Tuesday, December 23, 2025, down 0.65% at 229 euros, compared to 230.50 euros the previous day. This slight contraction occurred in particularly low trading volumes, with only 0.05% of the capital traded, indicating subdued activity at year-end. Over the past week, the decline remained limited to 0.99%, while the quarterly correction stands at 8.69%, partially erasing the spectacular gains accumulated since the beginning of the year. However, the annual performance remains exceptional with a gain of 66.61%, placing Thales among the top performers of the CAC 40 for the year 2025.
Moderate Decline and Low Trading Volume
Thales shares showed a moderate decrease of 1.50 euros to 229 euros at the close of December 23, continuing its phase of consolidation that began in the fall. The share of capital traded remained particularly low at 0.05%, illustrating the lack of activity on the stock during this traditionally quiet end-of-year period. Over the week, the decline of 0.99% remains contained, but the quarterly fall of 8.69% indicates a more significant correction after reaching historically high levels during the summer. Despite this technical respite, the annual performance remains remarkable with a gain of 66.61%, confirming the fundamental quality of the case in a context of European rearmament.
Technical Analysis and Market Position
Technically, the stock is now trading below its main moving averages, confirming a loss of bullish momentum over several weeks. The 50-day moving average stands at 237.99 euros, approximately 3.9% above the current price, while the 200-day moving average is at 244.41 euros, marking a gap of 6.7%. This configuration illustrates that Thales has gradually lost ground since the fall, after reaching peaks during the summer. The stock is currently above the major support at 219.50 euros, offering a safety margin of about 4.3%, while the resistance at 243.70 euros is a hurdle to overcome to validate a structural recovery.
Firm Financial Targets and Market Opportunities
The group confirmed during the publication of its third-quarter results on October 23 its annual targets, aiming for a turnover between 21.8 and 22 billion euros with organic growth of 6 to 7%, and an expected adjusted EBIT margin between 12.2 and 12.4%. In the first nine months of 2025, turnover reached 15.256 billion euros, up 8.4% in reported data, driven by strong commercial dynamics in defense and aerospace. The order book remains at a record level with a book-to-bill ratio greater than 1, ensuring good visibility on future activity and demonstrating the strength of demand for the group's defense equipment.
