Legrand stock rebounds 2.5% and challenges its 200-day moving average

Oddo BHF raises target to €150 and maintains neutral stance on Legrand

Legrand benefits on Monday from a price target revision by Oddo BHF, which raises its target from €146 to €150, while maintaining a neutral opinion on the security. At the current price of €139.35, this new target represents an upside potential of approximately 7.6%. The brokerage house thus aligns with a cautious reading of valuation, even though it acknowledges a more solid fundamental profile than a few weeks ago.

As a reminder, when publishing first-half 2026 results on July 29, Legrand had raised its annual targets, posting record sales growth of +17% excluding exchange effects, driven in particular by data center dynamics. This fundamental backdrop remains a backdrop to the session.

The price returns into contact with the 200-MA after three weeks of turbulence

Legrand advances 2.61% to €139.35 during the session, ranking among the strongest gains on the CAC 40 while the Paris index rises 0.87%. This rebound is consistent with the recovery initiated since mid-September, following a difficult period that had seen the security lose 5.5% and break its three moving averages on September 14. The price is now above the 20-MA at €137.47 (spread of +1.37%) and the 50-MA at €137.09 (spread of +1.65%), which marks a clear break of these two short-term thresholds.

The most closely watched configuration remains the 200-MA at €139.76, near which the security is currently trading with a spread of only -0.29%: a sustained break of this long-term average would validate the recovery initiated since last week. The RSI at 47 remains neutral, without a clear directional signal, in a context of monthly volatility at 9.05% and VIX at 14.96, which reflects a globally serene market. Resistance at €146.15 constitutes the next level above.