Saint-Gobain share falls below €65 with support level at €64.76 in sight
The building materials manufacturer is sinking to the bottom of the CAC 40, in a Paris market that is declining sharply mid-morning. The stock continues a decline that has been in place for several months and remains far from its moving averages.
A decline that brings the share back to its support level, far from its three moving averages
Saint-Gobain is down 1.87% at €65.12 during trading, while the CAC 40 is losing 1.42% and the SBF 120 is down 1.38%. The stock is in the lower part of the index, with a decline of 7.1% over one month and 11.95% over three months. It is approaching its support level at €64.76, less than 1% from the current price, and the RSI at 32 is close to the oversold zone.
The price remains below its MA20 (gap of 2.37%), its MA50 (9.74%) and its MA200 (15.55%). In a Paris market where the 10-year OAT, at 4.99% according to the Bank of France reading of October 21, reaches its highest level since 2004, trading remains oriented downward.
Two analyst opinions with price targets lower than those from a few days ago
On the analyst side, On Field Investment Research lowered its price target today from €100 to €95, with an outperform rating. Deutsche Bank had already reduced its own from €82 to €80 on October 20, maintaining its hold rating. The gap between the price and these two targets is more than 22% for the first, nearly 23% for the second.
More broadly, analyst opinion on the stock should be followed in detail. The group will publish its revenue for the first nine months of 2026 on October 27.
