IPSOS Accelerates Its Horizons Plan and Gains Over 11% in Three Months
The stock of the polling institute stands out in a session within a well-oriented Parisian market. The rise follows several strategic announcements related to the Horizons plan, while the technical setup shows significant improvement.
Strong Performance Midday as Parisian Stocks Rise
Ipsos stock is up 2.19% at €38.32 midday, while the CAC 40 is up 0.74% and the SBF 120 is up 0.68%. The stock is part of the upward movement of the Parisian market, driven by a relaxation of the VIX to 15.77. Over a month, the gain reaches 6.39%, and 11.53% over three months, although the stock is still down 14.65% over the year.
The movement of the day follows recent announcements from the group, including the creation of an independent advisory board chaired by Eileen Campbell announced on May 29, and the launch of Product Studio, a product testing platform 35% faster, unveiled on May 27. These initiatives are part of the Horizons plan aimed at building an 'augmented Ipsos'. According to the consensus of analysts surveyed, the stock is trading at about 7.4 times the earnings of the current fiscal year, with an expected EPS growth of 9.7% from one year to the next.
Technical Configuration Improves with Prices Well Above the Three Moving Averages
The stock price is now above its three moving averages, indicating a restored momentum after the mid-May low. The MM20 (€37.19) is surpassed by 3.04%, the MM50 (€35.98) by 6.50%, and the MM200 (€34.74) by 10.31%.
This hierarchy indicates a short-term reversal consistent with the rebound since the drop to €35.76 observed on May 18. The RSI at 54 remains neutral, which leaves the stock some margin before approaching an overbought zone. The next technical milestone to watch is the resistance identified at €39.46, about 3% above the current price; breaking through could pave the way to €40. On the downside, the support at €34.24 remains distant. The positive MACD (line at 0.43, signal at 0.24) confirms the bullish tone in the short term.