Derichebourg stock falls 2.5% and slides toward its support at €8.77
In an SBF 120 that edges up slightly this Wednesday, the recycling group's share stands out as a rare exception on the downside, driven below its two first moving averages. The session occurs a few days after a major bond operation and in a context of expected monetary tightening by the Federal Reserve.
A decline that places Derichebourg among the rare losers of an SBF 120 oriented upward
Derichebourg falls 2.6% during the session to €8.98, while the SBF 120 gains 0.16% in the same period. This relative underperformance positions the group among the strongest decliners in the index, alongside cyclical stocks such as Capgemini and Stellantis which are also losing ground. Over one week, the share loses 2.55%, extending a downward trend that began three months ago: the decline reaches nearly 12% over this quarter, even though the one-year performance remains very solid at +71.54%. The context of the day is not neutral for the group.
The Federal Reserve is widely expected this Wednesday to raise its key rate by 25 basis points, which intensifies tensions on financing conditions on a global scale. For a company that recently launched a green bond issuance of €800 million on September 7 to refinance the Scholz acquisition and part of its existing debt, a rate hardening represents a cost parameter to monitor. Furthermore, rising geopolitical tensions in the Middle East, with the closure of the Saudi East-West pipeline following a drone attack, keeps oil above 107 dollars, fueling inflation in energy and transport costs — two significant expense items for scrap collection and processing activities.
A support at €8.77 tested as the RSI remains neutral midway
The price at €8.98 is trading below the 20-day MA at €9.11 (gap of -1.43%) and below the 50-day MA at €9.28 (gap of -3.23%), while it holds above the 200-day MA at €8.77 (gap of +2.39%). This latter level corresponds precisely to the technical support identified at €8.77, which therefore serves as an immediate floor. With an RSI at 50, momentum indicators signal neither oversold nor overbought conditions: the share finds itself in a neutral zone, with no clear signal of selling exhaustion at present. Upside resistance is at €9.63, representing a gap of more than 7% from the current price.
On a fundamental level, Oddo BHF raised its price target from €9.00 to €10.00 on September 14, while maintaining a neutral stance. This new target implies a rebound potential of approximately 11% compared to the current price. According to the analyst consensus recorded, the share is trading at approximately 9.4 times current fiscal year earnings, versus 8.2 times for the following fiscal year, with earnings per share growth expected at +14.7% — a contained valuation that reflects the caution expressed by the group when publishing first-half 2026 results on May 28, when management had mentioned a geopolitical context to monitor and difficulties encountered in the second half of the previous fiscal year. The support at €8.77, which coincides with the 200-day MA, is the level to watch in the coming sessions.
