Derichebourg Shares Bounce 2.5% and Target Their MM20 After Breaking Support
In early afternoon trading, the metal recycler's stock moves back into the green, countering its recent declines. This movement brings it closer to its short-term moving averages, which are still slightly above the current price.
A Rebound That Positions the Stock Among the Top Gainers in the SBF 120
Derichebourg shares gain 2.31% to €9.53, while the SBF 120 is up by 0.49% and the CAC 40 by 0.48%. The stock is thus among the top gainers in the SBF 120, in a Paris market buoyed by cyclical stocks. This rebound mitigates a 3.64% decline accumulated over the month, although it does not erase the recent drop. Over one year, the performance remains strong at nearly 65%, driven by the stock's recovery since the summer of 2025. Today's movement comes after several sessions of consolidation, with the stock having broken its support at €9.54 in early July, as mentioned during the decline on July 9. The context is still marked by the legal proceedings opened in Hong Kong by Chiho Environmental Group, which contests the appointment of the independent receivers appointed on Scholz Recycling, a German target coveted by the French recycler.
The Stock Remains Below Its Short-Term Moving Averages, with a Neutral RSI
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Despite the rebound, the price remains below its MM20 at €9.68 (a gap of -1.55%) and its MM50 at €9.84 (a gap of -3.15%), both of which have acted as a ceiling in recent weeks. The gap with the MM200 at €8.10 remains comfortable at +17.65%, illustrating the underlying bullish trend since last fall. The RSI at 39 remains neutral, with no marked oversold signal. The technical support is at €9.32, tested during the recent decline, while the resistance at €10.25 remains the next threshold to cross to confirm a clearer recovery. In terms of valuation, the stock is trading at about 9.7 times the expected earnings for the current fiscal year and 8.5 times those for the next fiscal year, according to the consensus of analysts surveyed, with an anticipated EPS growth of 14.1% from one fiscal year to the next. The recovery of the MM20 at €9.68 would constitute the first technical benchmark observable to extend today's movement.
Demande ferrailles meilleure grâce à quotas restrictifs et droits de douane UE
Outlook / guidance
Expected EBITDA: 360 millions d'euros
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