Among the strongest gains in the CAC 40, Capgemini stock approaches €112.35

A rebound that places the price above its three moving averages

The Capgemini share gains 3.27% to €111.95, compared to €108.40 the previous day, and ranks among the strongest gains in the CAC 40, which advances 0.75% during the session. This movement brings it near its resistance level at €112.35, within 0.4% of the price. The price is above the 20-day MA (gap of +5.79%), the 50-day MA (+5.11%) and the 200-day MA (+3.83%), which erases the decline experienced in late September. The week is bullish, with a gain of 8.74% over seven days, while the RSI at 55 remains neutral and leaves room before any overbought zone.

The bond market remains tense. The 10-year OAT stands at 4.90% according to the Banque de France data from October 2, at the level of the peak reached on October 1, and the spread with the Bund reaches 1.47 points, its highest since January 9, 2012. Capgemini is advancing despite this rates market, without a clear connection being established with French debt.

A stock still down 10% over one year despite raised guidance

Over twelve months, the stock remains down 9.97%, but the rebound of 21.82% over three months has brought the price into the upper part of its recent range. When publishing H1 2026 results on July 30, the group raised its growth target at constant exchange rates for the full year to approximately 8.5% to 9.0%. Based on the consensus of surveyed analysts, the stock is trading at approximately 8.9 times current fiscal year earnings, and 8.2 times the following fiscal year's earnings.

The group also completed on October 1 the sale of Capgemini Government Solutions to ITC Federal. The level of €112.35 is the next threshold to watch: its hold or breakthrough will indicate whether this rebound is establishing itself.