Nexans Shares at €166.70: Up 64% in One Year, Approaching All-Time High
The French cable manufacturer resumes its upward trajectory after Tuesday's halt. Nexans shares rose 2.58% to €166.70 in early afternoon trading, just cents away from the all-time high of €167.60 reached on May 7. This performance contrasts with a CAC 40 down by 0.26% and an SBF 120 that fell 0.21%.
After dropping 3% on Tuesday, the stock immediately resumed its upward path. Nexans ranks 12th in the SBF 120, behind Vallourec (+9%) and Soitec (+8.36%). Over the week, the stock has gained nearly 5%, and it has risen 18.82% over three months. The annual movement remains impressive: +64% over twelve months. The bullish sequence is supported by a series of records since the end of April, following the quarterly publication on April 29 that reported a 4.9% organic growth in electrification, and the acquisition agreement of Republic Wire for approximately €680 million announced on April 28.
Resistance at €166.80 in Sight Before Dividend Detachment
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The price almost exactly encounters the technical resistance identified at €166.80. The stock is also at the high end of the Bollinger Bands, at 87% of the range, close to the upper limit at €173.22. The RSI at 70 enters an overbought zone, indicating a tense configuration after the bullish sequence. On the analyst side, Jefferies raised its target from €132 to €162 on May 12, while maintaining its 'hold' rating. The new target is now slightly below the current price. BNP Paribas Exane had a target of €185 on May 7. The spring schedule is busy: general assembly on May 21, dividend detachment on May 25, payment on May 27. The first half of 2026 results are expected on July 29.
Nexans impose comme un partenaire de choix pour soutenir la souveraineté énergétique.
Croissance organique robuste des activités d’électrification de +4,9 %
Risks mentioned
Baisse de la demande chinoise.
Droits de douane américains affectant les Autres activités.
Opportunities identified
Acquisition de Republic Wire pour renforcer le positionnement de Nexans.
Élargissement de l'empreinte industrielle en Amérique du Nord.
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.
