Legrand share soars more than 7% following guidance upgrade
Legrand records the strongest gain in the CAC 40 on Tuesday, driven by an investor day held in Singapore, where the group presented a strategic roadmap extending to 2030 with upgraded targets. Following this, CIC Market Solutions raised its price target on the stock, amplifying the upward momentum.
Leading the CAC 40 with a 7.3% surge, the stock breaks through its moving averages in a single session
The Legrand share gains 7.3% during the session at €144.70, settling well above its three moving averages. The price exceeds the 20-day MA at €137.67 (a gap of over 5%), the 50-day MA at €136.82, and the 200-day MA at €140.00, with the latter level being the most significant after several weeks of consolidation below this threshold. The stock is now approaching its resistance level at €146.15, less than one percentage point away from the current price.
The RSI at 46 shows no overbought configuration, leaving room before potential signs of technical fatigue. Over one month, the stock is up 3.62%, and today's session clearly erases the near-flat quarterly decline (-0.17% over three months). Legrand is leading the CAC 40, ahead of a Paris market that gains only 0.24% during the session.
CIC raises target to €180 following Singapore investor day focused on data centers
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The investor day held on Tuesday in Singapore, alongside Data Centre World Asia, was the immediate catalyst for the move. During this event, Legrand presented its upgraded financial targets extending to 2030, with organic growth targeted between +6% and +8% per year, and positioned data centers at the heart of its trajectory. In this context, CIC Market Solutions raised its price target from €170 to €180, while maintaining its buy rating.
This new target represents upside potential of approximately 24% relative to the current price of €144.70. The resistance at €146.15 will be the first barrier to overcome in order to confirm today's momentum.
SectorMachines et équipements industriels›Équipements électroniques
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Context
Period
Period: 9M 2026
Key reported figures
Revenue: 8 329 millions d'euros
Quarterly revenue: 8 329 millions d'euros
Revenue growth: 19,5 %
EBITDA: 1 950 millions d'euros
EBITDA margin: 23,4 %
Net income: 1 067 millions d'euros
Free cash flow: 1 010 millions d'euros
5 373 millions d'euros
Guidance from the release
« Forts de notre performance depuis le début de l'année, nous relevons nos objectifs pour 2026 »
Risks mentioned
Intégration de multiples acquisitions représentant un défi opérationnel majeur avec calendrier d'intégration étalé.
Impact des mouvements de change négatif (-6,6 M€ de pertes de change au compte de résultat et -588,5 M€ en réserves de conversion).
Augmentation du besoin en fonds de roulement : stocks +315,6 M€, créances clients +458,9 M€ en 9M.
Opportunities identified
Poursuite de la stratégie d'acquisitions ciblées créatrice de valeur avec 7 acquisitions complétées en 9M 2026 (Green4T, Kratos Industries, TES, Keydak, SRS Power Engineering, Girtz Industries, Axel Health).
Croissance du chiffre d'affaires de 19,5% YoY portée par le déploiement des acquisitions et l'intégration en cours.
Amélioration du cash-flow libre à 1 009,5 M€ (12,1% du CA) malgré les investissements d'acquisition.
Outlook / guidance
Expected revenue: 11 472 millions d'euros
Management commentary: « une croissance de ses ventes (hors effets de change) comprise entre +20% et +22% »
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.
