Saint-Gobain shares break above €76.34 and take the lead in the CAC 40
The building materials manufacturer leads the Paris session in a well-oriented market. The stock extends a rebound under way for several weeks, after a difficult quarter, and has just passed a threshold that had served as its ceiling.
A breakout that puts the stock back above its three moving averages
Saint-Gobain shares gain 2.23% to €77.18 intraday, while the CAC 40 rises 0.79%. The stock outperforms LVMH and Hermès within the index.
The stock broke upward through its highest level of the last 30 sessions, at €76.34, a level that now becomes its support. This move places it above its 200-day moving average (€76.14), with a gap of 1.37%, after having been below it for several months.
Over the week, the gain reaches 6.1%, and it climbs to 18.85% over one month. The RSI at 74 indicates an overbought configuration, while the next resistance lies at €85.54. Over three months, however, the stock remains down 9.2%, a decline that this rebound only partly offsets.
A rebound following the group's latest results and a still-strained construction backdrop
The move follows on from its third-quarter sales, published on October 27: revenue of €11.6 billion, up 2.5% on a like-for-like basis, with prices rising 3.2% and volumes down 0.7%.
The group confirmed its target of an EBITDA margin above 15% in 2026. It also finalized on November 2 the sale of Dahl to Kesko, valued at €1.5 billion in enterprise value.
The sector remains under pressure: the French construction climate stands at -20.9 in October, and order books at -37.
On the oil front, Brent is at $92 per barrel, down 13.6% since November 2. The next technical level to watch is the €76.34 support, just breached.
