Derichebourg Shares Decline 2% After Two Weeks of Volatility

Current Stock Performance

The Derichebourg stock is currently priced at 6.86 euros this midday, Friday, December 19, marking a 1.58% decrease compared to the previous day. This minor correction occurs in a context of low volumes, with only 0.04% of the capital traded, indicating a market in wait-and-see mode at the end of the week. Over the past seven days, the stock has declined by 3.79%, after reaching 7.37 euros in mid-December following the euphoria triggered by the annual results publication. Despite this recent dip, the performance remains strongly positive over three months with a gain of 32.3%, and over a year with an increase of 28.83%, positioning the metal recycling specialist among the top performers in its category. The price is now well above its 200-day moving average established at 5.87 euros, confirming the strength of the underlying bullish trend that began in early autumn.

Annual Results and Analysts' Perspectives

The stock's momentum is largely due to the 2024-2025 annual results published in early December, which exceeded market expectations. The group reported a net profit of 122 million euros, up from 74.8 million a year earlier, significantly boosted by a contribution of 42.4 million euros from Elior, of which Derichebourg holds 48% of the capital. Revenue was reported at 3,337.1 million euros, down 7.5%, while current EBITDA reached 319.5 million euros, down 3.2% but above the revised estimates of 300 to 310 million. For the 2025-2026 fiscal year, management anticipates revenue at least equal to the past year and a current EBITDA between 320 and 350 million euros. From the analysts' side, Portzamparc upgraded its recommendation to 'add' in early December with a target of 7 euros, while TP ICAP Midcap maintains a 'hold' opinion with a target of 6.40 euros. Oddo BHF, meanwhile, keeps a 'neutral' recommendation with a target raised to 6 euros, noting limited visibility in a challenging economic context for the automotive and construction sectors.

Technical Analysis Insights

Technically, the stock shows mixed signals at midday. The RSI is at 62, a level indicating a balance between buyers and sellers after having nearly entered an overbought zone following a 16.44% surge on December 5. This technical breather appears healthy after the strong appreciation in recent weeks. The price is above its 50-day moving average at 6.23 euros and 200-day moving average at 5.87 euros, with a widening gap of 0.36 euro between these two indicators, signaling persisting bullish momentum. The MACD displays a positive setup with a MACD Line at 0.28 above the Signal Line at 0.27, although the histogram close to zero at 0.01 suggests a slowdown in momentum. The one-month volatility is at 17.23%, reflecting significant movements observed since early December. The stock fluctuates between a technical support at 5.69 euros and a resistance at 7.37 euros, a level tested in mid-December which now serves as a key threshold for potential further bullish breakthroughs.