Interparfums share climbs and targets its 28.58 € resistance level
Two days after the publication of its half-yearly results, Interparfums share continues its rebound and ranks among the strongest gains of the SBF 120 at the end of the week. The security consolidates a recovery movement initiated over the month, in a Paris market generally oriented upward.
Analyst ratings revised upward following the perfume company's half-yearly results
The analyst ratings published Thursday clearly supported the security. CIC Market Solutions revised its price target from 28 € to 30 €, while upgrading its opinion from "buy" to "hold". Berenberg, for its part, set a target of 35 €, coupled with a favorable opinion.
These revisions come in the wake of the publication of half-yearly results on September 9, which showed revenue of 414.3 M€, down 7.3% year-on-year, but accompanied by a gross margin rate of 67.3% of sales and an annual target between 850 M€ and 870 M€. Compared to the current price of 28.36 €, Berenberg's target of 35 € represents an upside potential of nearly 23%, while CIC's target of 30 € offers a spread of approximately 5.8%.
A security above its three moving averages, resistance at 28.58 € in sight
Interparfums is trading at 28.36 € in the session, up 2.38%. The security is trading above its three moving averages: the 20-day MA at 27.06 € (variance of +4.80%), the 50-day MA at 26.05 € (+8.87%) and the 200-day MA at 24.85 € (+14.12%). This positioning reflects a bullish configuration across all timeframes. The RSI at 60 is approaching the overbought zone without having reached it yet, leaving limited but real upside room.
The security is approaching its resistance at 28.58 €, which was briefly broken through in August before being reloaded. A confirmed break above this level would open the way to levels absent for several months. In parallel, the SBF 120 gains 0.89% in the session in a mixed market context, with the ECB having raised its key interest rate to 2.50% Thursday, while American indices are losing ground.
