EssilorLuxottica stock declines 1% despite +10% over one month, ahead of Q3 results
EssilorLuxottica retreats at midday, within a CAC 40 clearly oriented downwards. Two brokers lowered their price targets today, while the group publishes its third quarter revenue tomorrow.
A moderate decline contrasting with the rebound underway over the past month
The EssilorLuxottica stock declines 1% to €152.85, far from the 1.34% fall of the Paris index. The security retains nearly 10% gains over one month and 4.4% over the week, following its lowest point since 2022 touched at the end of September. It remains however weighed down by more than 51% over one year.
The price is at contact with its 50-day moving average at €152.47, above the 20-day moving average (€146.09) and well below the 200-day moving average (€189.54). The security thus pulls back near the resistance level of €154.40, the level of the last close. The RSI at 60.55 remains in an intermediate zone.
Two price targets lowered ahead of sales on October 20
Analyst opinions came out this Monday. Morgan Stanley reduces its price target from €225 to €180 while maintaining an overweight rating, representing approximately 18% upside potential compared to today's price. Citi moves from €255 to €242 and maintains its buy opinion, leaving more than 58% upside potential.
These revisions come ahead of the publication of third quarter 2026 revenue, expected on October 20. During the H1 2026 results released on July 28, the group reported adjusted operating income up 15% at constant exchange rates and free cash flow of €1.07 billion.
