EssilorLuxottica in the top three of the CAC 40, up 24% in one month
EssilorLuxottica is among the best-performing stocks in the Paris index early in the afternoon, while the CAC 40 remains virtually stable. The share continues the recovery that began after the publication of its quarterly sales, following a difficult passage last week.
A share price above its three moving averages after its October rebound
The EssilorLuxottica share gains 1.22% to €182.10, placing it in third position in the CAC 40 at mid-session. The price is now above its MA200 (€180.24, a gap of 1.03%) and its MA20 (€180.02), two levels that the stock had struggled to sustainably reclaim in recent weeks.
The MA50, at €159.58, remains 14.11% below the price, a sign of the scale of the rebound: the stock is trading 24.09% higher than a month ago, but it still loses 5.13% over the week, after hitting its resistance at €191.95 in early November. This momentum follows third-quarter revenue of €7,486 million, up 7.2% at constant exchange rates, published on October 20.
Direct-to-consumer sales rose 10.6% over the period, with comparable store sales up 6.8%.
An appointment at Sodexo and an analyst consensus to watch on the stock
From a fundamental standpoint, myopia management solutions grew 24% over the first nine months of the year, a growth driver cited at the publication on October 20.
The group also benefits from an upgrade of its long-term credit rating to A+ by S&P, announced on October 23 with a stable outlook.
The stock nevertheless remains down 43.22% over one year. In a market where the CAC 40 falls 0.04% and the 10-year OAT stands at 4.89%, the share therefore stands out for its recent recovery.
The analyst consensus on EssilorLuxottica is available on our dedicated page. On the technical side, the next reference point is resistance at €193.80, above the current price.
