Mersen share rises 8% and targets its 43.32 € resistance level after Q3
The specialist in carbon materials and electrical solutions posts one of the strongest gains in its index in mid-morning trading. The movement extends the publication of its third quarter results and occurs as the Paris Stock Exchange remains significantly in positive territory.
The 2026 target increase extends the week's rally
The Mersen share gains 7.99% to 42.42 € and ranks second in the SBF 120, which advances 1.1%, behind Technip Energies. It now accumulates nearly 13% gains over seven days, after rebounding 3% the previous day.
The group published on Wednesday, October 28 revenue of 329.2 million € for the third quarter, with organic growth of 14.2%. It raised for the second time this year its 2026 organic growth target, now between 6.5% and 7.5%, compared to 4% to 6% previously.
Advanced Materials returns to organic growth for the first time since the third quarter of 2024. Margin targets are confirmed, with no increase.
A support level at 35 € far behind, a resistance at 43.32 € less than 2% away
The price is 7.2% above its 20-day moving average (39.56 €) and 23.6% above its 200-day moving average (34.32 €), placing it well beyond medium-term reference levels. The 43.32 € resistance level is now less than 2% away from the current price, while the nearest support is at 35.04 €.
On the analyst side, Portzamparc raised its price target on Thursday from 44 € to 51 €, with a buy recommendation. This target implies an upside potential of approximately 20% compared to the current price.
The analyst consensus remains to be consulted to position this new target. The share has posted gains of over 85% in one year, and the 43.32 € level is the next technical reference point to watch.
