Icade shares among the strongest gainers in the SBF 120, but down 18.5% over the quarter
The office property company rebounds sharply in a Parisian market that is nonetheless trending lower. This rebound follows a series of historic lows in October and leaves the stock well below its levels of a year ago.
A rebound that contrasts with a retreating CAC 40 and erases part of the quarterly decline
Icade shares gain 2.08% to €15.73 at the close, among the strongest gainers in the SBF 120, while the index falls 0.88%.
The stock is up 6.64% over one week, but still loses 18.46% over three months: today's rebound eases this decline without erasing it. It occurs in a global market under pressure, following the heavy correction on Wall Street on Thursday in technology stocks.
The company has also launched, with Le Foyer Rémois, the construction of 90 all-electric housing units in Seine-et-Marne, a co-promotion programme announced on November 4. As for Icade shares, they trade at about 5.4 times earnings for the current financial year, according to the consensus of recorded analysts.
The MM20 regained, the MM50 within reach, while Deutsche Bank's target is lowered to €14
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On the moving averages, the price is 6.36% above the MM20, at €14.79, and only 0.76% below the MM50, at €15.85. The RSI at 61 accompanies this recovery without signalling excessive tension. The MM200, at €18.97, remains well above the price (a 17.08% gap).
The group, which confirmed on October 20 its net recurring cash-flow target of €2.90 to €3.10 per share, also indicated it was operating in a difficult economic and financial environment. The MM50 at €15.85 is the nearest level to watch in the coming sessions.
Dans ce contexte, le Groupe est prudent et communiquera sa guidance pour l'exercice 2027 lors de la publication des résultats annuels
Risks mentioned
Environnement économique et financier dégradé, marqué par la persistance des conflits au Moyen-Orient
Climat politique incertain en France et remontée significative des taux d'intérêt
Ralentissement du marché immobilier avec attentisme des acquéreurs et des utilisateurs
Opportunities identified
Cession de l'immeuble Marignan générant une plus-value de 255 millions d'euros
Acquisition de Comet, acteur de l'événementiel corporate, pour développer la transformation digitale
Partenariat avec la Banque des Territoires pour investir 240 millions d'euros dans les résidences étudiantes
Outlook / guidance
Management commentary: Icade confirme son objectif de Cash-Flow Net Courant Groupe pour 2026, attendu entre 2,90 € et 3,10 € par action
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
