Trigano Shares Drop 17% in 3 Months, Yet Analyst Sees Over +35% Potential
Trigano's stock experienced a sharp decline this Friday at midday, dropping 2.47% to 142.40 euros in a generally bearish Parisian market. The recreational vehicle specialist's share price has fallen below a key technical threshold following the announcement of its second-quarter revenue. Additionally, two analysis offices updated their price targets this week.
Technical Indicators Signal Downward Pressure
Listed at 142.40 euros, Trigano has breached its support level at 143.60 euros, which is considered a negative signal from a graphical analysis perspective. The stock is now very close to the lower Bollinger band limit (139.36 euros), a zone that typically indicates significant selling pressure. The RSI, a momentum indicator, is at 34, nearing the conventionally set oversold zone at 30, signaling a seller's advantage in recent sessions. Over three months, the stock's performance has reached -17.64%, a significant decline that has brought the price well below its 50-day and 200-day moving averages, positioned at 163.35 euros and 155.97 euros respectively. This detachment from these trend indicators highlights the magnitude of the bearish movement since the start of the year, despite a still over 20% gain over the past year. The CAC 40 is down 1.11% in the session, amid high market tension.
Analysts Adjust Price Targets Post-Revenue Announcement
This Friday, Portzamparc revised its price target for Trigano from 185 to 180 euros, while maintaining a buy recommendation. The day before, UBS also lowered its target from 195 to 193 euros, also with a favorable opinion. These adjustments follow the disclosure of the quarterly revenue on March 25. Despite these slight downward revisions, the targets set by the two intermediaries imply a substantial revaluation potential compared to the current price of 142.40 euros, around 26% for Portzamparc and 35% for UBS. The next major event for the group is scheduled for May 1st with the publication of the first half of 2026 results. This financial milestone could provide new insights into Trigano's profitability trajectory, while the automotive and equipment suppliers sector also shows a decline in the session, with Stellantis down 0.85% and Michelin 0.62%.
