Derichebourg Stock Up 8%, Reaching a New High Since 2022 After Semi-Annual Results

Stock Hits €11 During Session, Marking Highest Point in Four Years

Derichebourg's stock surged by 9.28% to €10.42 at midday, leading the SBF 120, which is up 1.07%. The stock reached €11.00 during the session, its highest since the onset of the Russian invasion of Ukraine in early 2022, before slightly receding. This movement follows the publication of the semi-annual accounts on May 28, which showed a current EBITDA increase of 9.7% to €177.8 million, driven by non-ferrous metal prices and European steel protection measures. The session also confirmed a significant technical breakthrough: the resistance at €10.49 was breached intraday, although the price has since fallen below it. The stock is now significantly above its three moving averages (the MM200 is 42% below the current price), while the RSI at 51 remains neutral, indicating that the rally has not yet moved into an overbought zone despite a 77% increase over the year.

Portzamparc and Oddo BHF Raise Their Targets Following the Semi-Annual Results

Analysts quickly adjusted their assessments. Portzamparc maintains its buy recommendation and raises its target from €8.20 to €10.30, while Oddo BHF sets its target at €10.47. Both new valuations are nearly aligned with the current price, leaving little theoretical margin considering the levels reached during the session. The focus now shifts to the second half of the year, with the planned integration of the German company Scholz Recycling (€1.6 billion in revenue), an operation announced at the beginning of May and presented as a lever for European consolidation in metal recycling. If the breach of the €10.49 resistance is confirmed at close, it would technically pave the way for a continuation of the movement; conversely, a return below this threshold would close the bullish window that began in mid-May.