VINCI Shares Jump 3.53% Midday, Supported by Some Analysts

At midday on Wednesday, January 7th, VINCI's stock price showed an increase of 3.53% to 124.65 euros, up from 120.40 euros at the previous day's close. However, trading volumes remained limited with only 0.04% of the capital exchanged, reflecting moderate activity at the start of the year. Over the week, the stock has gained 3.49%, recovering some of the losses incurred in December. The quarterly momentum has significantly improved with a 7.83% increase, while the annual performance has reached 24.70%, making VINCI one of the top performers in the CAC 40 over the past twelve months. This upward movement comes after a significant correction phase, notably on December 10th when the stock had dropped more than 3% to 116.60 euros following downgrades by Exane BNP Paribas and JP Morgan. Morgan Stanley revised its recommendation this Tuesday from overweight to market weight, slightly raising its price target from 138 to 139 euros. UBS also adjusted its target from 132 to 134 euros on January 6th while maintaining its buy recommendation. These revisions occur in a context where French budget negotiations for 2026 suggest increases in infrastructure taxes. The group had confirmed on October 23rd its 2025 outlook, with an expected increase in revenue and results, before the impact of an exceptional French contribution estimated at 400 million euros.

At 124.65 euros, VINCI's stock has crossed its 50-day moving average set at 119.25 euros and is approaching its 200-day moving average at 121.13 euros. This crossing is an encouraging signal after several weeks of trading below these key levels. The price also exceeds the upper Bollinger band set at 121.90 euros, suggesting a resurgence of bullish momentum after a consolidation phase in the lower part of the channel. The immediate technical resistance is at 122.55 euros, a level now surpassed, paving the way for new targets. The RSI is at 58, in a positively neutral zone indicating a renewed appetite without signaling overbought conditions. The MACD indicator shows a favorable setup with a line at 0.20 above its signal line at 0.11 and a positive histogram at 0.09. This configuration indicates a short-term bullish momentum recovery. The technical support remains at 116.60 euros, a level tested in mid-December and which served as a floor during the correction. The one-month volatility stands at 4.77 points, reflecting moderate fluctuations for a stock of this magnitude.

On January 5th, VINCI signed a share purchase agreement with an investment service provider, valid until March 25th, 2026, for a maximum amount of 600 million euros. This buyback program reflects the group's confidence in its prospects and its commitment to supporting the stock price. Over nine months in 2025, consolidated revenue grew by 3.7% to 54.3 billion euros, with an order book reaching 70.6 billion euros, up 2% compared to the end of 2024. These operational indicators confirm the strength of the group's concessions and construction portfolio. The financial calendar schedules the publication of the 2025 annual results on February 5th, 2026, followed by the general meeting on April 14th, 2026. At the end of December, the group proposed a capital increase reserved for employees in France, with a subscription price set at 111.27 euros per share via the FCPE Castor Relais 2026 or 1. The operation, which takes place between January and April 2026, is part of the group's employee share ownership policy. Analysts maintain price targets ranging from 131 to 139 euros, suggesting an appreciation potential of 5 to 11% from the current price, despite the fiscal uncertainties weighing on the sector.