Carrefour shares among the strongest gainers in the CAC 40, but down 10.5% over one month
The retailer rebounded in a virtually flat CAC 40, after an October marked by a downward revision of its annual targets. The stock has risen, but remains well below its levels before the announcement.
The stock moves back above its 20-period moving average (MM20), after a 10.5% decline over one month
The Carrefour share gains 1.54% to €14.22, placing it among the strongest gainers in the CAC 40, while the index rises 0.09%. The rebound brings it 2.64% above its MM20, at €13.85, a level it had lost during the October decline.
However, the stock remains below its MM50 (€15.28) and its MM200 (€15.76). This rise follows a sharp decline over the period: the stock has fallen 10.65% over one month and retains a 4.22% gain over the week.
The decline is linked to the revision of the 2026 targets announced on October 21, which the group attributed to the deterioration of the social and security situation in France. Support is located at €13.05, resistance at €16.65.
A projected P/E of around 8.8 following the revision of annual targets
Based on expected earnings per share, according to the consensus of the analysts surveyed, the stock trades at around 8.8 times earnings for the current financial year and 7.9 times those of the following year. The expected year-on-year growth in earnings per share is 11.9%.
On October 21, the group had lowered its operating margin, adjusted earnings per share and free cash flow, before signing on October 19 an agreement to acquire Codifrance from Colruyt, valued at €152 million.
The stock is thus recovering after reaching a low of 150 sessions on October 22. The session takes place in a market where the CAC 40 and the SBF 120 are virtually flat, while the Nasdaq falls 1.69% and the S&P 500 falls 1%.
