Vinci share surges more than 5% and posts one of the strongest gains on the CAC 40
The concessions and construction group's stock posts one of the sharpest advances on the CAC 40 at close, following the publication of its half-year results. Two brokerage houses accompanied the move by unveiling price targets significantly above the current share price. The rebound is part of a broadly bullish session for French cyclical stocks.
A jump of 5.37% that repositions the stock above its key moving averages
Vinci share gains 5.37% to €124.65, compared to €118.30 the previous day, and ranks among the strongest gainers on the CAC 40 while the index advances 0.96%. The movement repositions the price above the 20-day moving average (€120.22, a +3.68% gap) and the 50-day moving average (€123.72), while bringing it back to the 200-day moving average at €124.88, which had acted as a ceiling in recent weeks. The RSI at 40 remains neutral, leaving the stock with room before entering overbought territory. The session reduces the monthly decline as the stock now shows +4.53% over the week, but remains down -1.73% over one month. The stock's behavior is part of a broader movement in French cyclical stocks, with Eiffage rising 4.28% and Bouygues up 7.24%. The VIX declines to 19.03 (-7.89%), a sign of stronger risk appetite during the session.
Price targets revised upward following half-year results publication
The rebound follows the publication of half-year results, which show EBITDA up 4.5% and earnings per share rising 10.8%, with a record order book of €76.8 billion. In the wake of this, two brokerage houses revised their outlook on the stock upward: Mediobanca set a target of €150 with Outperform rating, and Intesa Sanpaolo at €159 with a Buy rating, representing a gap of more than 20% with the current price in both cases. These positions strengthen analyst consensus on the stock, in a context of French highway traffic softening offset by energy services activity.
