Edenred shares rebound 3% but still fall 13% over the quarter
The employee benefits and dedicated payments specialist recovers sharply intraday in a well-oriented Paris market. This move follows several weeks of decline, which had pushed the stock away from its short-term moving averages.
A rebound that leaves the stock below its short-term moving averages
The stock Edenred gains 3.16% to €25.11 intraday, while the CAC 40 rises 1.04%. It ranks among the strongest gainers of the SBF 120, although it remains below its MM20 (€26.03, a gap of 3.53%) and its MM50 (€27.41).
The stock retains a cushion relative to its MM200 (€23.47), which it exceeds by nearly 7%, which explains why the 11% decline over one month has not broken the underlying trend.
The rebound also follows last week's session, when the price briefly fell below €23.92, a level monitored for several weeks, as reported in this episode of November 4. The RSI at 43 remains neutral and reflects selling pressure that has eased.
A quarterly publication dominated by Meal & Food in Italy and Brazil
The stock had declined after the third-quarter revenue, published on October 21: business activity fell 1.2% on a like-for-like basis, penalized by new rules governing meal vouchers in Italy and Brazil, while Mobility grew 10.7%.
On this occasion, the group confirmed its 2026 EBITDA target of €1,240 million. It also raised €800 million through a two-tranche bond issue at the end of October, which brings the average maturity of its bond debt to 4.4 years.
On the stock market, Edenred still falls nearly 13% over three months but retains a gain of about 20% over one year. Crossing the MM20, around €26, is the closest level to watch.
