Alstom shares hit their lowest level in 250 sessions, RSI collapses to 17

A title under all its markers after the revision of annual targets

The Alstom share falls 1.87% to €10.76, after breaking intraday below its lowest level of the past 250 sessions, at €10.96. This level has now become resistance.

The decline reaches 33.28% over the week, the magnitude of a fall that closely followed the revision of annual targets, published on November 2 with the preliminary half-year results: an adjusted EBIT margin target of around 1% for fiscal year 2026/27, compared with the 6.5% previously announced, and expected free cash flow of minus €1.5 billion.

The share price is now 27.43% below its 20-day moving average, while the RSI at 17 signals a marked oversold configuration. In the Paris session, the CAC 40 loses 0.88% and the stock ranks among the weakest of the SBF 120, which also falls 0.88%.

Goldman Sachs and Barclays cut their targets to €9 and €8

Two brokerage firms lowered their price target on November 4. Goldman Sachs cuts its target from €15.50 to €9 while keeping its sell rating, and Barclays reduces its own from €10 to €8. These two targets are below the current price, by 16.3% for Goldman and 25.6% for Barclays.

On valuation, the consensus of the analysts covered points to a projected P/E ratio of about 8.1 times earnings for the current fiscal year.

On the short side, eight funds together hold 5.94% of the capital, up 0.82 point over thirty days: a high level, signaling institutional investors positioned for a decline in the stock, without their motivations being specified.

The revised targets remain the company's key numerical benchmark, and a Capital Markets Day is scheduled for the second quarter of 2027.