Derichebourg Shares Drop Nearly 3%, Among the Largest Declines in the SBF 120

The stock falls below its 20-day moving average and is among the largest declines in the SBF 120

Derichebourg shares are down 2.86% at €9.68, marking one of the steepest falls in the SBF 120, while the broader index is down 0.37%. This decline brings the stock below its 20-day moving average (€10.07), with a negative gap of 3.87%, while the 50-day moving average at €9.72 is now touching the current price. The RSI at 52 remains neutral and the MACD has shifted into negative territory, indicating that the short-term momentum is waning. However, the stock still maintains a comfortable cushion above its 200-day moving average (€7.76), nearly 25%, consistent with an annual performance of 77.13%. The next technical support is at €9.42, less than 3% below the current prices. This decline follows a marked bullish phase, already noted in mid-June when the stock had returned to its 20-day moving average after a bullish rally. The quarterly performance remains positive, over 18%, despite today's session.

A case buoyed by semi-annual dynamics and the integration of Scholz Recycling

Fundamentally, the group remains backed by a strong first half of 2025-2026, with a current EBITDA up 9.7% to €177.8 million as reported at the end of May. The rise in non-ferrous metal prices and protective measures for European steel had boosted the accounts, and two analysis houses had subsequently raised their price targets. The context for metal prices remains relatively favorable, with aluminum up 19.6% over three months on the global market, at $3,666 per ton. Based on the expected earnings per share, according to the consensus of surveyed analysts, the stock is trading at about 9.7 times current fiscal year earnings and 8.2 times next year's earnings. The planned integration of Scholz Recycling, a German giant in the sector, remains the main operational project ahead for the group led by Daniel Derichebourg.