ADP Shares Bounce to €107 Before AGM, Analyst Targets €138
The Paris-region airport operator rose by 2.2% to €107 in mid-afternoon trading, 24 hours before its annual general meeting. The stock benefits from a positive session in Paris, with the SBF 120 up 0.52%. Amid ongoing geopolitical tensions, the rebound follows a quarterly decline of 11.13%.
BNP Paribas Exane Raises Target on ADP to €138 with Outperform Rating Maintained
On May 20, BNP Paribas Exane raised its price target on Aéroports de Paris from €135 to €138, while reaffirming its outperform rating. At the current price of €107, the new target offers a theoretical potential of around 29%. This revision follows other recent adjustments: Morgan Stanley lowered its target at the beginning of May while maintaining a positive view, and Jefferies also revised its target at the end of April following quarterly results. When announcing the annual results for 2025 (on March 13, 2026), the company targeted for 2026 an adjusted EBITDA of over €2,350 million, traffic growth of 1.5% to 2.5%, and a dividend policy set at 60% of the net result attributable to the group, with a minimum of €3.00 per share.
Stock Reaches 50-Day Moving Average Following a Decline in April Traffic
At €107, the price moves above the MM20 (€106.36) and is in contact with the MM50 at €107.25 (a gap of -0.23%). The MM200 at €114.16 remains out of reach, 6.27% above the current price. The RSI at 44 indicates a neutral configuration, without directional excess. Today's rebound mitigates the 11.13% decline accumulated over three months, but does not erase it. It follows the announcement of a 4.9% decline in April traffic for the group, attributed by the operator to geopolitical instability in the Middle East. The sector context remains tense, with Brent crude around $110 per barrel, likely to impact air transport costs.
