Among the worst declines of the SBF 120, Nexans stock drops nearly 4% despite Barclays
The Courbevoie cable manufacturer is among the poorest performers on the SBF 120 index this Thursday, in a Paris market that is progressing slightly. The decline extends a hesitant sequence and keeps the stock below its three reference moving averages.
The 127.20 € support breaks and the three moving averages move above the price
The stock loses 3.87% to 124.30 €, while the SBF 120 gains 0.21%. It is among the largest declines in the index. This drop breaks through the 127.20 € support, already pierced during trading on October 9 before being recovered.
This time, Nexans stock remains below: the price is 7.31% below the MA20 and 9.38% below the MA50, while the RSI at 41.64 does not yet signal oversold conditions. Over one month, the decline reaches 5.4%.
Barclays raises its target to 181 € ahead of October 22 results
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Barclays raised its price target yesterday from 179 to 181 €, maintaining its overweight rating, representing a potential of nearly 46% compared to the current price. The broader consensus is detailed in analyst opinions on Nexans. In the first half of 2026, published on July 29, the group had raised its outlook and targeted EBITDA of 805 million euros for 2026, while citing among its risks the normalization of PWR-Transmission. The next milestone is the publication of third quarter results on October 22.
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Context
Period
Period: S1 2026
Key reported figures
Revenue: 4 736 millions d'euros
Quarterly revenue: 4 736 millions d'euros
Revenue growth: 19,1 %
EBITDA: 379 millions d'euros
EBITDA margin: 11,9 %
Net income: 103 millions d'euros
Free cash flow: 165,5 millions d'euros
1 038 millions d'euros
Guidance from the release
Le Groupe relève ses perspectives pour 2026
Risks mentioned
Normalisation de PWR-Transmission : croissance organique de -6,2 % au deuxième trimestre 2026
Effet de mix défavorable dans PWR-Connect : marge en baisse à 11,8 % contre 13,6 %
Pays nordiques toujours contraints par les conditions de marché
Opportunities identified
Acquisition de Republic Wire : entrée sur le marché américain basse tension estimé à 12 Md€
Environ 23 M€ de synergies attendues en régime de croisière d'ici trois ans
Ligne MI de PWR-Transmission chargée jusqu'à mi-2028 et marge visée supérieure à 17 % en 2028
Outlook / guidance
Expected EBITDA: 805 millions d'euros
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.
