Carmila's Stock Bounces to €15.76 but Remains Below Its Moving Averages
Carmila's stock gains 2.2% to €15.76 mid-session, buoyed by the SBF 120's rise (+0.58%). However, the commercial center manager backed by Carrefour is still down 5.06% for the week and 10.35% over three months. Today's rebound does not offset the losses accumulated since February.
A Technical Rebound That Leaves the Stock Below Its Three Main Moving Averages
At €15.76, the price remains below the MM20 (€17.00), MM50 (€17.11), and MM200 (€17.02), with a gap of about 7.3% below these three benchmarks. This setup reflects a bearish trend that has been established for several weeks. The RSI at 45 remains neutral, with no sign of seller exhaustion despite a 13.79% decline over the year.
A Stock Decline That Contrasts With Operational Solidity Shown in the First Quarter
The real estate company had published its quarterly indicators on April 24, showing a 1.2% organic growth in net rents, which is 80 basis points above the indexation, and a 1.1% increase in merchants' turnover, driven by Spain. The release did not prevent the stock from losing 2.5% that day. Based on the consensus of six analysts updated on May 17, 2026, the stock is trading at about 8.5 times the expected earnings for the current fiscal year, compared to a 'Real Estate' sector average of 13.3 times. The expected growth in earnings per share from one fiscal year to the next is 4.4%. The next financial calendar event is the annual general meeting on June 15, 2026, followed by the semi-annual results on July 28.
