Bouygues shares break through their €43.14 resistance after nine-month results

A raised target, but €569 million in impairment on TF1

Current operating income of the businesses (COPA) rises by €44 million over nine months, to €1,858 million, while net income attributable to the group falls by €369 million, to €306 million. This decline stems from a €569 million impairment of the stake in TF1, with no effect on cash according to the group. Excluding this item, net income attributable to the group gains €200 million, to €875 million.

Bouygues now targets a slight increase in COPA in 2026, whereas it had previously expected it to be maintained at a historically high level. In the publication, the raising of the target and the impairment on TF1 appear side by side, which leaves the market to read the operating income outlook first.

The stock reacts with one of the strongest gains on the CAC 40 (third-best performance of the index), in a Parisian market that is up 0.7%.

Above €43.14, the stock regains its moving averages

Bouygues has just broken above its €43.14 resistance, the highest of the last 30 sessions, which now becomes a support.

The share price is at €43.44, above the 20-day moving average (a gap of 6.08%) and the 50-day moving average (2.70%), but still below the 200-day moving average, at €47.57. The RSI at 66 accompanies this recovery without signalling overheating.

Over the week, the stock is up 5.7%, while it is still down 12% over three months. The two construction stocks followed here are also rising intraday: Vinci is up 1.12% and Eiffage 1.39%. For the Bouygues stock, the next technical level is resistance at €53, far from the current price.