Legrand shares among the biggest gainers on the CAC 40 ahead of its earnings
The manufacturer of electrical equipment for buildings climbs to the top of the Paris ranking, while the index stagnates. The move comes just a few days ahead of the publication of its nine-month results.
A rebound that brings the stock back above its 20-day moving average
Legrand shares gain 1.39% to €134.70 intraday, placing the stock second in the CAC 40, behind LVMH, while the Paris index is virtually flat.
The stock is recovering after a one-month decline of 6.81%, but it has gained 6.95% over one week. It thus moves back above its MA20 (€132.82, a gap of 1.42%), while remaining below its MA50 (€136.38, a gap of 1.23%).
The MA200, at €141.16, is 4.58% above the price. This rebound follows the one on October 28, when the stock had already been among the biggest gainers on the index.
BofA raises its target to €143 ahead of the November 5 results
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According to the data consulted, BofA Securities raised its price target on November 2 from €140 to €143, while maintaining a sell rating. This target is about 6% above the day's price.
The analysts' rating and target can be found in the analyst consensus on Legrand. The group will publish its results for the first nine months of 2026 on November 5.
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.
