Capgemini Shares Plunge 8.5%, Hitting a Post-Covid Low

Capgemini Hits Six-Year Low, Breaking Support at €95.46

Capgemini shares fell by 8.59% to €89.28, reaching their lowest level since the pandemic-marked year of 2020. The previous low of €93.74 has been significantly breached, as well as the technical support at €95.46, already weakened during the 3.4% decline on June 11th. The stock is among the largest declines in the CAC 40, while the Paris index is down 0.14%.

Today's downturn is driven by market concerns over future earnings: across the Atlantic, Accenture has just posted quarterly results below analysts' projections and anticipates a similarly bleak fourth quarter. This has shaken confidence in the French company.

Over three months, the decline reaches 12.33%, and the year-on-year drop exceeds 38%. The price is now 8.72% below its 20-day moving average (€100.90) and 22.57% below its 200-day moving average (€118.94), confirming a break in the medium-term trend. The RSI at 45 remains in a neutral zone, indicating that the movement in today's session has not yet tipped into marked overselling.

A Slide that Reflects Ongoing Doubts About the 2028 Strategic Plan

Today's drop extends a bearish sequence that began after the strategic roadmap presentation on May 27th, focused on the deployment of agentive AI, with a growth target of 5.5% to 7.5% annually between 2025 and 2028. The nearly 7% rebound on June 4th, driven by Deutsche Bank's target revision, only lasted a few sessions. Based on expected earnings, the stock is trading at approximately 7.1 times the profits for the current fiscal year according to the consensus of analysts, a multiple that reflects accumulated skepticism.

The macroeconomic context also weighs in: the Fed has maintained its rates but has opened the door to a possible increase, while Wall Street closed in the red yesterday, with the Nasdaq losing 1.34%. The next technical zone to watch is now around today's intraday low at €89.30.