Vicat's Stock Soars Nearly 7% and Regains Ground Above Its Moving Averages

A Marked Rebound That Brings the Stock Above Its Short-Term Moving Averages

Vicat's stock gains 6.73% to €63.40, up from €59.40 the previous day. The stock is among the top risers in the SBF 120, as the broader index is up by 1.67% and the CAC 40 climbs by 1.71%. The rebound comes after a challenging period, with the stock having broken its support at €59.10 last Monday. Today's movement allows the price to cross back above the MM20 (€61.18) and MM50 (€62.74), with respective gaps of +3.63% and +1.05%. The MM200, at €66.87, remains 5.19% above the current price and is the next technical hurdle. The RSI at 42 remains in the neutral zone, which leaves room before potentially reaching overbought territory. The identified resistance at €64.80 is now close.

The Rating Upgrade by CIC Market Solutions Supports the Stock's Momentum

CIC Market Solutions upgraded its rating to 'buy' on June 10th, with a price target set at €81. This target represents a potential upside of about 28% from the current price and contrasts with Citi's target reduction to €65 at the end of May, which the market has already accounted for. Based on the consensus of analysts surveyed, the stock is trading at about 10 times the earnings of the current fiscal year and 8.9 times those of the following year, with an expected EPS growth of 12.6% from one year to the next. The annual performance remains strong at +13.62%, despite a decline of 2.16% over three months. The session occurs in a market context favorable to European cyclicals, while Brent crude falls by 5.17% to $88.29 amid perceived easing around the Iranian dossier, which eases transport and energy costs for the cement sector. A sustained crossing of the MM200 at €66.87 remains to be confirmed to validate a more marked trend reversal.