4.5% loss in one week: Rexel share declines further during trading session

A stock below its three moving averages, in a declining market

Rexel declines 2.28% to €34.71 in late afternoon, while the CAC 40 loses 1.41% and the SBF 120 1.38%. The stock is below its moving averages: the 20-day MA at €35.94 is 3.42% above the price, the 50-day MA at €36.25 is 4.25% above, while the 200-day MA at €36.07 is 3.77% above. The support level at €34.20 is approaching, at approximately 1.5% from the price, and the RSI at 48 remains neutral.

Over the week, the decline reaches 4.56%, a fall that extends the pressure observed since the announcement of the GCG acquisition on September 25 followed by a capital increase of approximately 500 million euros. In the SBF 120 ranking, the stock is positioned in the lower part of the table with a decline of 2.28%, more pronounced than that of the index (-1.38%). The group also raised its 2026 targets during the publication of the half-yearly results on July 27, guidance that recent operations have not called into question.

Morgan Stanley raises its price target to €42 and upgrades to overweight

The session takes place as Morgan Stanley revised its opinion on the security on October 6: the price target moves from €41 to €42, with an overweight rating. Relative to the day's price, this target leaves a potential of approximately 21% compared to the current €34.71. This update from analysts adds to the views of other firms that cover the stock.

On the balance sheet side, the latest half-yearly report mentioned net financial debt of €3,322 million, up €690 million since end-2025, as well as an operational working capital requirement of 16.3% of revenue. The €34.20 level remains the threshold to monitor in the short term.