Argan shares break through their €68.30 resistance ahead of the November 20 general meeting
The logistics REIT edges up modestly during the session and breaks out above a zone it had been testing. The gain remains moderate, but it comes just days before a key meeting for shareholders.
A €68.30 resistance broken and a share price settling above it
Argan trades at €68.50, up 0.74%, while the SBF 120 index is flat over the session. Intraday, the stock exceeded its highest level of the last 30 sessions, at €68.30, which has now become support, and it holds above that level. This breakout occurs as the share price sits above the MM20 moving average at €67.52 (a gap of 1.45%), while the MM50 moving average at €68.84 remains close, less than 0.5% from the share price.
Over the week, the gain also reaches 0.74%, but the stock is still down 6.16% over three months. The next resistance is located at €77.40.
Merger with WDP: the November 20 general meeting approaches
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The shareholder vote on the cross-border merger project with Belgian company WDP is scheduled for the November 20 general meeting. The merger auditor's report, made available on October 19, deems the exchange ratio of three WDP shares for one Argan share fair.
In the meantime, the REIT continues its deliveries: on November 9, it inaugurated a platform in Sorigny for Danone, its new tenant, after the one for Puma in Vendenheim on November 2.
When publishing its first nine months of 2026 results on October 1, the company raised its annual rental income target, with an EPRA occupancy rate of 99.9%. The November 20 general meeting is the next scheduled event on the calendar.
Management commentary: ARGAN rehausse à nouveau son objectif annuel pour les revenus locatifs au titre de 2026 et vise au moins 222 M€, soit une progression de + 5 % par rapport à 2025.
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