Métropole TV stock erases its 2022 low and falls nearly 2%
The audiovisual group is losing ground in a Paris market clearly oriented downwards. An analyst opinion published this Monday adds to tensions over French debt.
A decline in line with a CAC 40 under pressure, this Monday
The Métropole TV stock loses 1.93% to €10.14 during the session, a decline similar to that of the SBF 120 (-1.37%) and the CAC 40 (-1.38%). In the index ranking, the security is positioned in the middle of the field, with no notable divergence from the market. The Paris session is unfolding in a context of tension over debt: the ten-year OAT is at 4.85% according to the Bank of France reading of October 19, at 1.42 points from the Bund. The stock is trading below its MA20 (-4.34%), below its MA50 (-10.90%) and below its MA200 (-13.85%).
It is down 11.36% over one month, in a downtrend that today's decline extends. The lowest level since 2022 touched at €10.24 in early October has now been breached. The support at €10.02 is less than 1.2% away from the current price. The RSI at 35 reflects the exhaustion of selling momentum, without entering the oversold zone. Today's decline is the first test of this threshold since the early October rebound.
JP Morgan lowers its price target to €10.90
Among analyst opinions noted this Monday, JP Morgan is reducing its price target from €11.70 to €10.90. The bank is maintaining its rating at "underweight". The new target remains approximately 7.5% above the current price. This adjustment comes in a landscape where analyst sentiment is to be monitored for this security.
The stock is down 17.69% over one year and 14.79% over three months. It had recovered more than 2% on October 8. A rebound that was not enough to reverse the downtrend. The support at €10.02 is the level that the price is now approaching.
