Kering Share: Leading the CAC 40 Pack, Stock Gains Over 1%
The luxury group owning Gucci and Saint Laurent is recovering mid-morning, in a CAC 40 also oriented upward. This rebound comes after two downward target price adjustments, while the share remains under pressure over several months.
A Rebound of 1.14% That Leaves the Share Far From Its Moving Averages
At €212.40, Kering gains 1.14% during the session and ranks among the strongest rises of the CAC 40, which advances 0.57%. The movement remains modest compared to the accumulated decline: the share is down nearly 11% over one month and nearly 15% over three months. It trades 4.05% below its 20-day moving average and 12.55% below its 50-day moving average, while its support at €206.55 is less than 3% away from the current price. The RSI at 33.64 reflects this selling pressure, although the share is not yet oversold.
Two Target Price Cuts from TD Cowen and BofA Dated Yesterday
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On Tuesday, TD Cowen reduced its target from €280 to €235, while BofA Securities lowered it from €300 to €280, maintaining its analyst rating at "hold". Even after these revisions, both targets remain above the current price: €235 represents approximately 10.6% upside potential, €280 approximately 31.8%. When publishing H1 2026 results (July 29, 2026), the group reported a net profit attributable to the group down 60%, at 189 million euros, and Gucci revenue down 5% on a comparable basis. For the third quarter, comments reported by the press suggest a difficult late summer for luxury, ahead of sales publication.
À mesure que Kering progresse dans l'exercice 2026, son objectif demeure de renouer avec la croissance et d'améliorer sa profitabilité
Risks mentioned
Recul du chiffre d'affaires de Gucci de 5 % en comparable au premier semestre
Charges opérationnelles non courantes de 223 millions d'euros (cessions, dépréciations, restructurations)
Résultat net part du Groupe en baisse de 60 % à 189 millions d'euros
Opportunities identified
Endettement net réduit de 4,7 milliards d'euros grâce à la cession de Kering Beauté
Contrat de licence beauté Gucci-L'Oréal exclusif sur 50 ans à compter de mi-2027
Kering Jewelry +20 % en comparable, marge courante en hausse de 2,7 points
Outlook / guidance
Management commentary: « As Kering advances through 2026, its objective remains to return to growth and improve margins. »
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
