Imerys Stock Falls to €22.22, Down -26.67% Over the Year
Imerys shares drop 2.54% to €22.22 at midday in a pressured Paris market. The CAC 40 is down 1.38% and the SBF 120 falls by 1.37% during the session. The mining group thus erases its rebound from the previous day and now shows a 26.67% decline over the year.
A Decline Bringing the Stock Close to its 20-Day Moving Average
Today's movement places the Imerys stock just below its 20-day moving average, which is at €22.29. The 200-day moving average, at €22.86, is now above the stock price by 2.80%, indicating a still poorly oriented medium term. Only the 50-day moving average at €21.84 remains below the stock price, supporting the €22 zone.
The RSI at 57 remains neutral and the stock is trading mid-Bollinger band. The session is thus played between the support at €19.84 and the resistance at €22.90, which was already reached last week. The previous day's rebound to €22.26 has been completely erased.
A Deteriorating Construction Environment Weighs on the Mining Group's Prospects
Imerys remains directly exposed to the construction cycle, which is in poor shape in Europe. The construction sentiment stands at -18 in France and -3.7 in the European Union in April, according to Eurostat. Construction output has declined by 3.5% over the year in France and by 1.7% in the eurozone. The order books of the French construction sector are at -33, and housing permits have further decreased by 2% over the past twelve months.
This challenging backdrop is compounded by Brent crude at $109, which increases the group's energy costs. The stock, which has lost 15.32% over three months, remains far from its long-term average of €22.86. The next key date on the calendar: the 2026 half-year results, expected on July 29.
