Legrand Share: One of the Strongest Declines on the CAC 40, Stock Falls 2%
The manufacturer of electrical equipment for buildings is declining sharply in early afternoon, in a CAC 40 that is also oriented downward. This decline occurs after two target price increases, and it is accompanied by a market context marked by tension on French debt.
A Decline of 2% That Brings the Stock Below Its 200-Day Moving Average
The Legrand share loses 1.98% to €138.35, while the CAC 40 falls 0.87% and the SBF 120 declines 0.93%. The stock thus ranks among the strongest declines on the Paris index. It falls below its 200-day MA at €140.62 (a gap of 1.61%), while remaining close to its 20-day and 50-day MAs, respectively at €138.83 and €138.04.
The session is taking place in a market under pressure: the OAT-Bund spread stands at 134.4 basis points at the opening of discussions on the 2027 budget, while the yield on the 10-year U.S. Treasury has reached an unprecedented peak since 2002. The Limoges-based manufacturer loses 2.3% over a week, but remains close to its level a year ago (-2.5%).
Two Price Targets Raised by Jefferies and Alphavalue This Week
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Jefferies raised its target from €168 to €170 on October 7, maintaining its buy rating. The day before, Alphavalue increased its target from €147 to €173, moving from "underperform" to "accumulate". Compared to today's price, these two targets open a potential of 23% and 25% respectively.
The analyst consensus is strengthening at a time when the stock is weakening. As a reminder, the group had raised its 2030 targets on September 29, targeting organic growth of 6 to 8% per year. The support at €132.35 and the resistance at €148.40 now frame the stock's movement.
SectorMachines et équipements industriels›Équipements électroniques
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Context
Period
Period: S1 2026
Key reported figures
Revenue: 5 400 millions d'euros
Quarterly revenue: 5 400 millions d'euros
Revenue growth: 13,1 %
EBITDA: 1 263 millions d'euros
EBITDA margin: 23,4 %
Net income: 698,2 millions d'euros
5 755 millions d'euros
Guidance from the release
Legrand enregistre un semestre solide avec à nouveau une croissance record de ses ventes de +17% hors change et toujours une excellente rentabilité ; Objectifs annuels 2026 relevés
Risks mentioned
Situation géopolitique et économique qualifiée de « très évolutive » par la direction
Effets de change négatifs, la croissance publiée étant inférieure à la croissance hors change
Dépendance croissante à la dynamique du marché des centres de données
Opportunities identified
Croissance record de +17 % hors change tirée par les centres de données
Sept acquisitions créatrices de valeur dans la transition énergétique et numérique
Nombreux lancements de produits nouveaux dans le cadre du plan stratégique
Outlook / guidance
Expected revenue: 11 140 millions d'euros
Management commentary: « sales growth (excluding currency effects) of between +16% and +19% »
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.
