Legrand Shares Drop 8.4% in One Month: RSI at 28, Support at €135
Legrand's stock shows a slight decline this Friday, March 13, dropping 0.32% to €138.10 in a generally stable market environment, with the CAC 40 index slightly up by 0.03% during the session. Two technical signals converge today towards the same interpretation: an RSI in the oversold zone. These indicators, far from contradicting each other, indicate a persistent selling pressure since the beginning of March.
Today, Legrand's stock displays an RSI of 28, below the conventional threshold of 30 that marks the oversold zone. The 200-day moving average, at €131.05, represents the next technical reference level to watch, with the graphical support identified at €135.00 and resistance at €154.80.
Launch of a New Employee Share Ownership Plan
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Amidst this downturn, Legrand announced on March 12, 2026, the launch of its second international employee share ownership plan, open to eligible employees in France and abroad from March 13 to March 31, 2026. The offer comes with a 20% discount on the reference share price. Regarding the financial calendar, the first quarter 2026 results are expected on May 7, the general meeting will be held on May 27, and the dividend detachment is scheduled for May 29. In the longer term, the performance remains positive: Legrand has gained 11.73% over three months and 31.27% over one year.
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% (vs. +10% and +15% previously), comprising organic growth of between +8% and +10% (vs. +4% and +7% previously), and growth through acquisitions of around +8% (vs. between +6% and +8% previously); ■ adjusted operating margin (after acquisitions) of between 20.5% and 21.0% of sales (unchanged)
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.
