9.5% Drop in One Month: Vicat Stock Rebounds 2.5%

A Rebound That Does Not Close the Gap with Moving Averages

The Vicat stock is up 2.61% at €58.90, while the SBF 120 gains 0.94% and the CAC 40 0.92%. The security is nevertheless down 9.52% over one month, and this upturn leaves the price below the MA20 (€59.54, gap of 1.07%), the MA50 (€62.95) and the MA200 (€66.08). The RSI at 36 reflects a still fragile security after this decline, with no reversal signal.

The support level at €57.40 corresponds to the previous day's close. The cement manufacturer had broken through a support level at €58.80 on October 1st, before announcing on that same day exclusive negotiations to take over a network of concrete plants from Cemex in the Southeast.

A Semester Above Expectations and Moderate Valuation

During the publication of H1 2026, on July 30th, Vicat had raised its annual targets, with expected growth of 7% to 9% at constant scope and exchange rates. Among the risk factors cited on this occasion were the increase in energy costs, expected to be more significant in the second half, and unfavorable exchange rate effects. According to the consensus of analysts surveyed, the stock trades at approximately 9.3 times current fiscal year earnings and 8.2 times next fiscal year earnings, with expected earnings per share growth of 13%.

In the Paris market, the 10-year OAT stands at 4.90% according to the latest Banque de France survey dated October 8th. The support level at €57.40 remains the nearest technical level to the current price.