Rexel share breaks through its €33.33 support level, among the heaviest declines in the SBF 120

The €33.33 support gives way during trading, below all moving averages

The Rexel share is down 3% to €32.98, while the CAC 40 is up 0.24%. The security broke through its €33.33 support during the morning session and remains below it, bringing it down one notch from the zone tested in recent weeks. It is now trading 6.63% below its 20-day moving average, extending a decline of more than 16% over three months.

The movement follows an early-month trading session already oriented downward, then the rally on October 9, which did not hold. In the SBF 120 ranking, Rexel is among the sharpest declines of the session.

Two analyst buy ratings ahead of revenue figures on October 22

On the analyst side, Kepler Cheuvreux upgraded from hold to buy on October 13, with a price target of €40, approximately 21% above the current price. On the same day, CIC Market Solutions maintained its buy rating with a €44 target. The group, which had raised its 2026 targets in its first-half results published on July 27, detailed then a net debt increase of €690 million since end-2025, to €3,322 million.

Rexel has since raised approximately €500 million in capital in late September and announced the acquisition of American company GCG. The next milestone is the publication of third-quarter revenue, expected on October 22.