Bottom performer of the SBF 120, OPmobility shares plunge over 19%
The stock collapses during trading, far outpacing other index values downward. The Lyon-based equipment manufacturer unveiled a European restructuring plan yesterday and revised its objectives. Two research firms immediately lowered their price targets.
Job cuts and adjusted 2026 objectives
OPmobility shares decline 19.21% to €10.05, compared to €12.44 the previous day, and rank last in the SBF 120, which loses 0.81%. The equipment manufacturer announced on October 7 an industrial and research reorganization plan in Germany and France, citing a deterioration in the automotive market more pronounced than anticipated. Approximately 460 positions would be eliminated in Germany and 310 in France, totaling 770, and the group is adjusting its 2026 objectives. The session's decline follows a week-long rebound: the share had broken through its €12.73 resistance level the previous day.
Two targets lowered, stock far from moving averages
Oddo BHF reduces its target from €21 to €15 while maintaining its "outperform" opinion. Deutsche Bank cuts it from €14 to €11 and remains "hold". The analyst consensus as recorded in our data thus remains above the current price, at €15 from Oddo BHF, or nearly 49% above €10.05. The stock trades at €10.05, or 31.12% below its 200-day moving average and 18.69% below its 50-day moving average.
Its loss reaches 26.86% over three months. At €10.05, the share trades at approximately 6.2 times current fiscal year earnings, according to the analyst consensus surveyed. The €11.70 support level, defended in early October, has given way.
