Among the largest declines in the CAC 40, Legrand shares fall nearly 4%
The manufacturer of electrical equipment for buildings is experiencing a difficult trading session and finds itself at the bottom of the Paris index ranking, while the index remains slightly higher. The stock extends a decline that has been ongoing for several sessions and remains below all of its moving averages.
A decline that places the stock below all of its moving averages
The Legrand stock falls 3.84% to €130.15, against a CAC 40 that gains 0.29%. The stock ranks in the second-to-last position of the index, ahead of STMicroelectronics (-6.5%) only. The decline brings the weekly loss to 7.79%, in a session where Schneider Electric, another electrical sector value, also loses more than 3%.
The price is now 6.49% below the 20-day MA (€139.19) and 7.62% below the 200-day MA (€140.89). It is moving away from the support level at €132.35, which it has just broken in the session, with an RSI at 44 that remains neutral. For now, nothing brings it close to an oversold threshold.
Analyst ratings raised in early October and a sector under pressure
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Thursday's decline occurs while the stock had received several favorable opinions in recent weeks. Evercore had set a target significantly above current prices on October 2, and two other firms had raised their targets a few days later, as noted in the target raises of October 7. These opinions were not sufficient to contain the slide, which has continued since the investors day on September 29, the day when the stock gained more than 7%.
The consensus of analysts is shown on the stock's analyst opinions page. On the market side, the VIX jumps 14.5% to 17.48 points, in a context of tension on French debt, with a 10-year OAT at 4.80% on October 14. The support level at €132.35, now lost, becomes the reference to monitor in the coming sessions.
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.
