Trigano Stock Marks the Worst Decline in the SBF 120, Testing Its Support at €145.70
The French recreational vehicle manufacturer experiences a sharp halt midday, contrary to a well-oriented Parisian market. The decline follows a downward revision of a price target, breaking the positive momentum initiated since the early May semi-annual publication.
Oddo BHF Lowers Price Target, Influencing Trigano's Session
The stock falls by 2.74% to €149.30, marking the steepest decline in the SBF 120 while the index itself gains 0.75% during the session. Oddo BHF has recently lowered its price target from €205 to €191, while maintaining an outperform rating. The revised target still offers a theoretical potential of about 28% relative to the current price. According to the consensus of surveyed analysts, the stock is priced at approximately 9.7 times the expected earnings for the current fiscal year, with an estimated EPS growth of 7.5% year-over-year.
The Stock Breaks Through Its Support at €145.70 Before Rebounding During the Session
The decline was more pronounced during the session: the stock briefly broke through its support at €145.70, falling to a low of €142, before climbing back above. This wick indicates a failing buying pressure at the technical levels monitored over several sessions. The stock is now trading below its three moving averages, with a gap of about 4.9% below the MM20 (€157.04) and 4.9% below the MM200 (€156.99). The RSI at 45 remains neutral, with no sign of seller exhaustion. The pullback diminishes some of the year's gains, which still amount to more than 10% over twelve months. The behavior of the price around the €145.70 support, retested during the session, will be the technical element to watch in the coming sessions.
