Eiffage Clears €109.35 After Q3 Results, RSI in Overbought Territory
The construction and motorway concessions group closes the session almost flat, while the CAC 40 edges higher. The stock nonetheless broke above a technical level during the day, following the publication of its third-quarter business activity.
A €109.35 Level Broken and Held, Following Growth in Q3
Eiffage shares closed at €109.50, up 0.14%, while the CAC 40 gained 0.09%.
During the session, the stock broke above its highest level of the past 30 sessions (€109.35) and held that level through the close: this price now acts as support. The RSI at 72 signals an overbought configuration after a 3.3% gain over the week.
The share price remains 6.4% above its 20-day moving average (MM20) and 5.8% above its 50-day moving average (MM50), but 10.9% below its 200-day moving average (MM200). These movements follow the publication of third-quarter revenue on November 12: €6,595 million, up 3.3%, with organic growth in the Construction segment rising to 2.5%, compared with 1.2% in the first half. The Concessions segment fell 0.1%, to €1,127 million.
2026 Guidance Confirmed, Motorway Taxation Still Pending
Eiffage confirmed its 2026 guidance: growth in revenue, current operating income and net income attributable to the group. This outlook is based on an unchanged French tax framework, while the 2027 Finance Bill could increase the taxation of the APRR and AREA motorway networks. Over three months, the stock is still down 10.3%, after a 9.8% gain over one month.
According to the consensus of the analysts surveyed, the stock trades at approximately 9.6 times earnings for the current financial year. Among sector stocks, Bouygues gained 0.70% and Vinci 0.26% during the session.
The next resistance level lies at €142.70, far from the current price, while the €109.35 support now becomes the level to watch.
