Among the strong gains of the SBF 120, Carmila stock rebounds 2% after Berenberg
The Carrefour shopping center real estate company is making significant progress during the session, in a rising Paris market. The rebound comes after several weeks of decline that had moved the stock away from its long-term averages, and a broker has just updated its target.
A rebound that brings the price back to its 20-day moving average level
The Carmila stock gains 2.23% to €14.68, placing it among the strongest gains of the SBF 120, an index rising 0.58% at the same time. The stock is thus approaching its MA20, at €14.65 (difference of 0.20%), after losing 3.29% in one month. The MA50 (€15.51) and MA200 (€16.51) remain above the price, by 5.35% and 11.08% respectively.
The RSI at 34 indicates a stock still under pressure despite today's surge. The support level of €14.14 is just under 4% below the current price, the resistance level of €15.86 approximately 8% above.
Berenberg on buy with a target of €18.10, or 23% above the price
Berenberg issued a buy rating on the real estate company, with a price target of €18.10. The implied upside potential thus reaches approximately 23% compared to the current price. The stock is trading at 7.9 times the expected earnings for the current fiscal year, according to the consensus of analyzed analysts, and 7.6 times those for the following fiscal year.
On the debt market, the 10-year OAT is at 4.86% according to the Banque de France reading of October 12, at 1.40 basis points above the Bund, in the context of examining the 2027 budget at the National Assembly. The stock is down a further 11.78% over three months.
