Largest declines in the SBF 120: ADP share falls nearly 2%
Aéroports de Paris erases the previous day's rebound during the session, as the SBF 120 shows a slight downward trend. The stock retreats below all its moving average benchmarks, while an asset manager has just lowered its target price on the security.
Return below the three moving averages and bottom ranking in the SBF 120
The stock loses 1.92% to €107.50, compared to €109.60 at the previous close, and ranks among the largest declines in the SBF 120 index, which falls 0.34% at the same time. The decline places it below its 20-day moving average at €108.54 (difference of -0.96%), but also below its 50-day moving average at €110.87 and below its 200-day moving average at €110.48, bringing the stock below these levels after the rebound recorded the previous day. Over three months, the decline reaches 8.04%, which shows that the October 6 rebound has not changed the underlying trend.
The nearest support level is at €104.30, or 3% below the current price. Trading takes place in a Paris market weighed down by tension in French government debt: the 10-year OAT stands at 4.72% according to the latest Banque de France reading (October 6), compared to a peak of 4.90% on October 1, and the spread with the Bund reaches 1.27 points. The correlation of 0.29 observed over twelve years between ADP's share price and French GDP indicates moreover that the stock historically follows the domestic economic cycle, though no projection can be drawn from this.
Intesa Sanpaolo lowers its target from €117 to €108
Intesa Sanpaolo lowered its price target on Aéroports de Paris to €108 today, down from €117 previously, while maintaining a neutral rating. This new target sits barely above the current price, representing potential upside of approximately 0.5%. CIC Market Solutions, for its part, maintained its hold rating on October 5, with a target of €115, representing potential upside of approximately 7% from €107.50.
On the activity front, August traffic published by ACI Europe presents a contrasting picture: European airports advance 3.1% in passenger numbers, but Paris-CDG declines 1.1%. The group will publish its annual results following the first half, with the latest guidance issued on July 29, 2026, mentioning 2026 EBITDA of €2,325 million. The €104.30 level is the technical threshold to monitor on the downside, the 20-day moving average at €108.54 on the upside.
