Legrand Shares Set a New Historical Record at 166.95 Euros

A Peak Recorded Following Quarterly Earnings Release

Legrand's stock reached a new historical high of 166.95 EUR, surpassing the previous record of 166.45 EUR. This movement comes after the publication of the first quarter 2026 results, which amounted to 2.537 billion euros, up by 11.4%. The adjusted operating margin remains stable at 20.7%. However, net debt has climbed to 4.67 billion euros, up from 3.03 billion a year earlier, a consequence of an active acquisition strategy. During the first nine months of 2025, the group targeted an organic and external growth of +10% to +12% for the fiscal year and an adjusted operating margin between 20.5% and 21.0%. Q1 2026 is in line with this trajectory. Over one year, the stock has increased by 66%.

Technical Overheating and Busy Schedule

The price is moving above the upper Bollinger band set at 156.55 EUR, indicating an overbought configuration. The RSI at 68 is approaching the tension zone without yet crossing it. The gap with the 50-day moving average (143.93 EUR) is nearly 13%, illustrating the recent acceleration of the stock. The index context remains mixed, with the CAC 40 at 8,288.82 points (-0.13%) and the SBF 120 almost stable. The most recent known analyst recommendations included a downgrade by Barclays in mid-April, which did not prevent the stock from continuing its rise. Next on the calendar: the annual general meeting of shareholders on May 27, followed by the detachment of the dividend on May 29.