146.15 € Resistance: Legrand Stock Breaks Through During Session Then Falls Back Below
The manufacturer of electrical equipment for buildings rebounds mid-morning, following a difficult session, in a CAC 40 oriented upward. Two analyst opinions published in recent days frame the movement.
Resistance Breakthrough Followed by a Return Below the Threshold
The Legrand stock gains 1.75% to 145.60 €, after breaking through its resistance level of 146.15 € during the session, up to a high of 146.95 €. The security fell back just below this level, which leaves the breakthrough unconfirmed at this stage. The rebound erases part of Monday's decline, which we described in the decline among the most marked in the CAC 40, and extends a gain of nearly 8% over seven days.
The price remains above the three moving averages, with a spread of approximately 5% to the MA20 (138.68 €) and 3.7% to the MA200 (140.44 €). The RSI at 58 is neutral.
Two Analyst Opinions Raised Around 173 € and 188 €
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Alphavalue raised its opinion from "reduce" to "accumulate" on Tuesday, with a price target increased from 147 € to 173 €, approximately 19% above the current price. Barclays, for its part, raised its target from 185 € to 188 € on Sunday, with a buy opinion, which places the objective at nearly 29% above the price. These two revisions are recent, but they are not sufficient in themselves to explain the day's movement alone.
The analyst consensus remains to be monitored through subsequent revisions. On the technical side, the next level to watch is the 146.15 € resistance, which the security has just tested during the session.
SectorMachines et équipements industriels›Équipements électroniques
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Context
Period
Period: S1 2026
Key reported figures
Revenue: 5 400 millions d'euros
Quarterly revenue: 5 400 millions d'euros
Revenue growth: 13,1 %
EBITDA: 1 263 millions d'euros
EBITDA margin: 23,4 %
Net income: 698,2 millions d'euros
5 755 millions d'euros
Guidance from the release
Legrand enregistre un semestre solide avec à nouveau une croissance record de ses ventes de +17% hors change et toujours une excellente rentabilité ; Objectifs annuels 2026 relevés
Risks mentioned
Situation géopolitique et économique qualifiée de « très évolutive » par la direction
Effets de change négatifs, la croissance publiée étant inférieure à la croissance hors change
Dépendance croissante à la dynamique du marché des centres de données
Opportunities identified
Croissance record de +17 % hors change tirée par les centres de données
Sept acquisitions créatrices de valeur dans la transition énergétique et numérique
Nombreux lancements de produits nouveaux dans le cadre du plan stratégique
Outlook / guidance
Expected revenue: 11 140 millions d'euros
Management commentary: « sales growth (excluding currency effects) of between +16% and +19% »
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
