Edenred stock breaks through its 26.46 € support level and signs a 30-session low
The specialist in employee benefits and dedicated payments continues its decline following the publication of its quarterly revenue. The security has just breached a technical threshold closely monitored over recent weeks, in a Paris market oriented downward.
A support level broken that becomes resistance after a week of decline
Edenred declines 1.66% to 26.13 € during the session. During trading, the security breached its support at 26.46 €, meaning the lowest level of the last 30 sessions, which now becomes a resistance level. This movement extends a decline of 11.54% over the week and places the price 6.91% below its 20-day moving average and 8.67% below its 50-day moving average, while the 200-day moving average remains 13.61% below the current price.
The RSI at 36 remains neutral, far from an oversold zone. In the SBF 120, the stock is among the strongest declines in the index, while the SBF 120 falls 0.73% and the CAC 40 drops 0.78%. The Paris market is evolving in a context of tension over French sovereign debt: the 10-year OAT stands at 5.13% according to the Banque de France reading from October 22, its highest level in the series since 2004.
A mixed quarterly publication and unchanged or raised price targets
In the third quarter, Edenred's operating revenue remained stable at 667 M€ on a reported basis and declined 1.2% on a comparable basis, due to new regulations governing meal vouchers in Italy and Brazil. Excluding this effect, intrinsic growth reaches 6.6%, and Mobility advances 10.7%. During this publication on October 21, 2026, the group confirmed a 2026 EBITDA target down 7% to 10% on a comparable basis. On the analyst side, CIC Market Solutions maintains a price target of 34 €, with a buy rating.
Bernstein raised its target from 24.50 € to 29.40 €, with a market perform rating, representing a potential upside of 12.5% from the current price. Details of analyst opinions and consensus are available on our site. Following a 5.5% decline session on October 21, the 26.46 € zone is now the level to reclaim.
