Beneteau stock breaks through its support at €5.16
Two days after publishing mixed half-year results, the Vendée-based shipbuilder faces renewed downward pressure on the stock market. Analyst reactions, including a target price revision today, are intensifying the decline.
Support briefly broken before a partial rebound, in a stable Parisian market
Beneteau is declining 6.81% during the session, at €5.20, moving against a CAC 40 that is advancing 0.37% and an SBF 120 up 0.39%. The share is thus among the steepest declines in the CAC All Shares, which has 320 members. During the session, it even broke through its support at €5.16, touching an intraday low of €5.14, before climbing back above. The price remains well below its three moving averages: the 20-day MA at €5.49 represents a gap of 5.28%, while the 200-day MA at €6.92 illustrates the extent of the medium-term decline, with a gap of nearly 25%.
Over three months, the decline reaches 21.45%, and over one year, the share loses more than 40%. The RSI, at 50, remains neutral, which reflects the absence of a sell-off exhaustion signal despite the magnitude of today's decline. The next technical zone of interest is now around the support level at €5.16, which the share touched this morning without closing below it.
UBS lowers its target following half-year results marked by a decline in order intake
UBS revised its opinion on Beneteau on Friday, lowering its target from €6.85 to €6.30 while moving to "hold". This adjustment follows the publication of half-year results on September 23, 2026, which showed revenue up 11% at €449 million, but operating income nearly flat at -€0.2 million. Even taking into account the €20 million improvement on European brands and the cessation of loss-making activities in the United States, order intake has been declining since March, hampered by caution related to the Middle East conflict.
CIC Market Solutions, whose opinion dated September 24 maintains a target of €7.50 and a buy rating, offers a notable contrast: its target represents an upside potential of more than 44% compared to the current price. At the publication of H1 2026 results, the group had identified among its main risks the sharp decline in order intake since March 2026, a backlog with only very slight growth, and a 49.1% decline in sales in Asia and Motor Yachting. The sale of the Cadillac site and three brands, undertaken to improve margins, constitutes one of the operational recovery initiatives mentioned on that occasion.
