Over one year, EssilorLuxottica stock has plummeted nearly 47% and stagnates on Wednesday
EssilorLuxottica is moving without clear direction on Wednesday, in a CAC 40 slightly oriented downward. The stock remains very far from its levels a year ago, while two brokerage houses have revised their targets over the past two days.
A stock at the contact of its MA20 but far from its long-term averages
The EssilorLuxottica share is down 0.1% to €146.55 in trading, while the CAC 40 is declining by 0.37%. The price remains above the MA20 (€145.02, spread of +1.06%), but below the MA50 (€155.75) and the MA200 (€194.40, spread of -24.61%). This configuration reflects a recent rebound, gained over the past seven days (+1.35%), without erasing the decline of 15.09% suffered over the quarter. The support level at €139.00 remains the closest level in case of a pullback, with the stock having touched a low since 2022 at €138.85 at the end of September.
Oddo BHF and UBS lower their price targets for EssilorLuxottica
Two downward revisions were published in quick succession. Oddo BHF lowered its target from €220 to €186 on October 6, while maintaining an outperform rating, which leaves a potential of 26.9% compared to the current price. UBS, for its part, lowered its target from €282 to €247 on October 5, with a buy rating, representing a potential of 68.5%.
In both cases, the analysts' consensus remains favorable despite the reduction in targets. On July 28, the group had published an adjusted operating result for its first half up 15% on a constant currency basis, with a free cash flow of €1.07 billion.
