Legrand shares among the strongest declines in the CAC 40
The manufacturer of electrical equipment for buildings is declining sharply mid-session, in a declining CAC 40. This movement comes after a series of more favorable sessions, driven by an analyst's view and strategic objectives raised at the end of September. The stock is now among the most withdrawn values in the Paris index.
A decline of 2.87% placing Legrand at the bottom of the CAC 40
The Legrand share fell 2.87% to €140.40 during trading, compared to €144.55 at the last close. The stock is among the strongest declines in the CAC 40, which fell 1.1% at the same time, a session dominated by the fall of Schneider Electric, the weakest link in the index. Despite this decline, Legrand maintains a gain of 4.12% over seven days, following a Friday marked by a sharp rise.
The decline brings the price to contact with its 200-day moving average, located at €140.34, an difference of 0.04%. The stock remains above the MA20 (€138.75) and the MA50 (€137.30), which limits the extent of today's decline. The next support level is at €132.35.
Barclays raises its target to €188 with a buy rating
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Barclays raised its price target for Legrand from €185 to €188 on October 4, and upgraded its rating from overweight to buy. This target represents an upside potential of approximately 34% compared to the current price. The group had raised its 2030 objectives at the end of September, with organic growth of 6 to 8% per year.
The consensus and analyst opinions are available on the page dedicated to analyst opinions on Legrand. On the technical side, resistance is located at €146.15, the level that the stock will need to recapture to erase today's decline.
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.
