BNP Paribas share breaks through its 90.05 € support during the session, then recovers
The bank extends its decline mid-session, in a CAC 40 also oriented downward. The security briefly lost a technical threshold monitored for several sessions, before recovering.
A 90.05 € support breached then recovered, in contact with the 200-day moving average
The BNP Paribas share falls 0.78% to 91.34 € during the session, while the CAC 40 declines 1.06%. The security breached its 90.05 € support down to a low of 89.88 €, before rising back above it, with a last price of 91.25 €. It is now in contact with its MM200, at 91.78 € (spread of -0.48%), while the MM20 (97.90 €) and MM50 (101.92 €) remain well above the price.
The decline reaches 8.02% over one week. The dividend of 3.23 € was detached on September 24: the monthly and quarterly performances cited here take this into account, and the detachment explains nothing about today's session. This decline occurs in a context of tension on French debt, with the 10-year OAT rate at 4.90% according to the latest Bank of France report, dated October 2.
Alphavalue cuts its target price from 122 € to 101 € and rates the security as accumulate
Alphavalue published a new opinion on the security on Monday: the price target moves from 122 € to 101 €, with an accumulate rating. This target leaves a potential of approximately 10.6% compared to the current price. Based on the consensus of analysts surveyed, the share trades at approximately 7.9 times current fiscal year earnings and 6.9 times next fiscal year earnings, with expected earnings per share growth of 14.1%. The next technical level to monitor remains the 90.05 € support, tested during the session.
