Carrefour Stock Rises Nearly 2% and Defies a Red CAC 40
In a session marked by a sharp decline in Paris indices, Carrefour stands out and closes higher, confirming its defensive profile in a tense market environment. The retailer is thus among the strongest gainers of the CAC 40, against the general trend.
A Rebound of 1.91% That Propels Carrefour Among the Best Performers of the CAC 40
The Carrefour share closes at €16.58, up 1.91% compared to Friday's last close. The stock thus ranks 7th among CAC 40 gainers, in a session where the Paris index falls 0.86% during trading. Over the week, the gain remains modest at 1.07%, but the monthly balance is significantly more flattering with a gain of 5.44%. It is over one year that the momentum is most striking: the retailer shows growth of 38.15%, confirming a robust underlying trend over the past twelve months.
Market context plays in its favor: the day is dominated by a "super week" of central banks, with the Fed expected Wednesday, the Bank of England Thursday, and the Bank of Japan Friday, in a climate of persistent inflation in the United States (3.4% year-on-year in August). The VIX, the reference volatility index, surges 9.41% to 17.33 during trading, signaling increased nervousness. In this context, defensive stocks such as large-scale retail benefit from favorable arbitrage, although a direct causal link cannot be established between this single parameter and the stock's movement.
Carrefour Above Its Three Moving Averages, With 2026 Targets Confirmed in July
On the indicators front, Carrefour trades above its three moving averages. The MA20 at €16.01 and the MA50 at €16.10 are respectively 3.56% and 2.98% below the current price, while the MA200 at €15.60 (which coincides with the support threshold) shows a gap of 6.28%. The configuration is therefore clearly bullish in both the short and medium term. The RSI at 54 remains in neutral territory, with no overbought signal, which leaves room before reaching the resistance identified at €16.66, less than one percent above the closing price.
According to the consensus of analysts surveyed, the stock trades at approximately 9.6 times expected earnings for the current fiscal year and 8.8 times those of the following fiscal year, with earnings per share growth projected at +8.2% from one fiscal year to the next. When publishing the H1 2026 results on July 23, 2026, the group had confirmed all of its annual targets: growth in operating profit, operating margin increasing by more than 25 basis points compared to 2025, and net free cash flow in growth. The €1 billion savings plan was progressing as expected, with €490 million already achieved in the first half. The resistance at €16.66 now constitutes the next threshold to monitor to extend this momentum.
