Kering among the biggest gainers in the CAC 40, but down 32% over three months
The luxury group that owns Gucci and Saint Laurent is rebounding at midday, in a Paris market that is also rising. This recovery follows a very difficult month and quarter for the stock, which remains far from its levels of a few months ago.
A rebound that brings the stock back to its 20-day moving average
The stock gains 1.68% to €192.46 intraday, ranking fifth among the gainers in the CAC 40, whose index rises 0.79%. Kering thus comes into contact with its MA20, at €191.77 (a gap of +0.36%).
The move remains modest given the underlying trend: the stock still loses nearly 9% over one month and more than 32% over three months. It also remains well below its MA50, at €211.98 (a gap of -9.21%), and its MA200, at €245.62 (a gap of -21.64%).
The RSI at 45 signals neither overbought nor oversold conditions. Support at €176.28 remains the identified lower threshold, while resistance stands at €217.30.
SBG Securities lowers its price target and its rating on the stock
On November 10, SBG Securities lowered its price target on the group from €233 to €210, a level about 9% above the current price. The broker also downgraded its rating from buy to hold. This downward revision adds to the target adjustments published after the stable third-quarter revenue, where the decline at Gucci was offset by jewelry.
On the appointments front, Martine Rose will take up the role of creative director of Balenciaga on November 16, 2026, according to a statement from the group.
