Carrefour Stock Collapse: -14.5% Since Market Open
The retailer is experiencing a black session in Paris, while the CAC 40 advances. The stock is penalized by a downward revision of the group's targets, motivated by the social situation in France, while several brokers lower their rating in its wake.
A Revision of Targets That Sends the Stock to Last Place in the CAC 40
Carrefour shares fell 14.66% to €13.91, far from the previous close (€16.30), and occupy last place in the CAC 40, which gained 0.55% at midday. The group lowered its 2026 targets in a press release dated October 20, citing the deterioration of the social and security situation in France. The revision affects operating margin, adjusted earnings per share, and free cash flow, as the year-end period approaches, which is decisive for retail.
The sharp decline pushes the price well below its moving averages: the 20-day MA stands at €16.08 (a gap of 13.5%) and the 200-day MA at €15.79. The stock has fallen 13.4% over one week and 15.4% over one month. It is now far from the €15.46 support level.
Oddo BHF and Morgan Stanley Lower Their Targets to €14.00 and €18.35
The analyst consensus is adjusting in the wake of the publication. Oddo BHF has reduced its price target from €15.00 to €14.00, maintaining an unchanged neutral rating. This target is close to the current price.
Morgan Stanley goes further: the firm is lowering its target from €20.10 to €18.35 and downgrading its rating from "overweight" to "equal-weight". Its target remains approximately 32% above the current price.
These revisions add to a analyst consensus that is now more divided on the retailer. According to the consensus of analysts tracked, the stock is trading at approximately 8.1 times current fiscal year earnings, a valuation established before the group revised its targets. The stock was still at €16.30 the previous day, and the next meeting is tomorrow's session.
