Capgemini Shares Surge 4.71% to €105.65, Leading the CAC 40
In mid-morning trading, the digital services group's stock is experiencing the strongest increase of the Paris index. At €105.65, Capgemini shares have moved above their short-term moving averages and are regaining ground as the CAC 40 rises by 0.67%. The rebound comes on the eve of the annual general meeting.
Capgemini Leads the CAC 40 with a 4.71% Gain and a Return Above Short-Term Averages
The stock is up 4.71% in the session, priced at €105.65, leading the Paris index ahead of Thales (+3.73%) and Publicis (+3.50%). The stock has moved above its 20-day moving average (€102.59) and its 50-day moving average (€102.91), confirming a short-term turnaround. The price is in the upper part of the Bollinger Bands, at 71%, and is approaching the resistance identified at €110.60. The RSI at 47 remains neutral, leaving room before reaching an overbought zone. Over the week, the gain is 3.83%. Over a year, the decline remains significant at -29.87%, and the 200-day moving average, at €121.43, is still 13% above the current price, signaling a still deteriorated long-term trend. Last week, the stock had dropped below €100, as recalled in a previous in-house publication. Today's rebound brings the value above this symbolic threshold.
Bond Refinancing Completed and Annual General Meeting Tomorrow as Next Milestones
In early May, the group placed a €800 million bond issue with a seven-year maturity and a coupon of 3.875%, which was oversubscribed by 2.7 times. The operation, declared to the regulator on May 6, allows for the refinancing of a loan that matured in April and secures the group's debt profile. In terms of valuation, the stock is trading at approximately 8.2 times the earnings expected for the current fiscal year, compared to an average of 27.1 times for the technology sector, according to the consensus of 18 analysts updated on May 18. Earnings per share growth is expected at +7.8% year-over-year. Regarding the schedule, the annual general meeting is set for tomorrow, Wednesday, May 20, 2026. The Investors' Day will follow on May 27, and the results for the first half of 2026 will be published on July 30. The maintenance of the €100 threshold and the potential crossing of the €110.60 resistance are the two levels to watch in the coming sessions.
