In one month, Edenred stock has returned nearly 7% and continues to decline during trading
The specialist in employee benefits and dedicated payments is losing ground in a declining Paris market. The decline comes after a very favorable quarter, which leaves the stock well above its long-term trend.
The stock falls below its short-term moving averages despite a quarter up 17%
Edenred stock is down 1.81% to €27.62 during trading, in an SBF 120 index declining 0.93%. The price is below the 20-day moving average (€27.99, a difference of 1.32%) and below the 50-day moving average (€28.64, a difference of 3.56%), while maintaining a cushion of 23.19% above the 200-day moving average at €22.42. The stock had already defended its support level of €26.84 on October 2, a level that today's decline brings closer without reaching it. The RSI at 50 remains neutral, and the 17.03% gain over three months contrasts with a 6.78% decline over the past month.
A guidance upgrade in H1 and a share buyback program nearly complete
During the publication of H1 2026 results on July 23, the group raised its 2026 EBITDA forecast to €1,250 million, while citing among the risks regulatory changes on meal vouchers in Italy and Brazil. The €50 million share buyback program announced on May 29 is executed at approximately 100% as of October 1, and buybacks over the past twelve months represent 9.0% of market capitalization. On the market side, the 10-year OAT is at 4.83% according to the Banque de France's statement from October 7, with a spread of 1.34 percentage points against the Bund, in the context of the 2027 budget examination. The support level of €26.84 remains the level to watch for the stock.
