Elis Shares Jump 2.11% Midday Following Berenberg Upgrade

Berenberg Initiates Buy Recommendation

On February 3, German bank Berenberg initiated a buy recommendation on the stock, setting a target price of 31 euros. This target represents a potential appreciation of 23.2% compared to the current stock level. This view contrasts with that of Morgan Stanley, which downgraded its recommendation at the end of November 2025, moving from 'overweight' to 'market-weight'. The American bank simultaneously lowered its target from 58 to 43 euros, reflecting a much more cautious approach. Investors thus have contrasting opinions on the prospects of the French group, specialized in services for businesses and communities.

Breakthrough Above Resistance Level Confirms Uptrend

The crossing of the resistance threshold at 24.98 euros confirms the strength of the bullish movement started in recent weeks. The price is now above its three key moving averages: the MM20 at 24.31 euros, the MM50 at 24.10 euros, and the MM200 at 24.07 euros. This ascending configuration indicates a positive underlying trend across all time horizons. The momentum indicator RSI stands at 59, showing a balance between buyers and sellers without any overheating zone. The one-month volatility remains contained at 5.51%, suggesting a steady rather than erratic progression. Over the last seven sessions, the stock has gained 3.37%, while the past quarter shows an advance of 4.14%. The group will publish its annual 2025 results on March 11, an event that should shed light on strategic and financial orientations for the current fiscal year.