Saint-Gobain Shares Trail Behind in CAC 40 at €72.52: Down 28% Over a Year
The construction material group's stock fell by 2.55% to €72.52 on Monday midday, while the CAC 40 dropped by 0.72%. The decline continues a challenging streak: -8.41% over the week and -28.41% over the year. The session unfolds amid tensions in the bond markets and Brent crude remaining above $110.
Saint-Gobain at the Bottom of the CAC 40 Amid Brent Above $110
Saint-Gobain's stock is the lowest in the CAC 40 this Monday, trailing behind Kering (-2.32%) and Hermès (-2.28%). The movement occurs in a tense market environment: Brent crude is around $111 per barrel, following the war in Iran and the prolonged blockade of the Strait of Hormuz. The surge in bond yields complicates the scenario for rate cuts: the US 10-year Treasury yield has risen to 4.63%, a high since February 2025. This combination weighs on sectors sensitive to energy costs and long-term rates, including the materials sector. The sector's situation remains unfavorable: the construction climate in France was at -18 in April 2026 according to Eurostat data, and building production has declined by 3.5% over the year. French order books have contracted to -33. The stock thus continues the trend that began after Deutsche Bank lowered its price target on the stock last week.
Price Below the Lower Bollinger Band, Near Support at €70.52
Saint-Gobain has fallen below the lower Bollinger Band set at €74.10, a technical oversell signal as the price dropped to €72.52. The stock is now below its three moving averages: -6.56% relative to the MM20 (€77.61), -2.94% below the MM50 (€74.72), and -14.70% under the MM200 (€85.02). The identified support at €70.52 is approaching, about 2.8% below the current price. The RSI at 43 remains in the neutral zone, which does not yet send a clear exhaustion signal from sellers. In terms of valuation, the stock is trading at about 11.3 times the expected earnings for the current fiscal year according to the consensus on May 16 (14 analysts), compared to an industry average of 17.3 times for the industrial sector. The expected growth in earnings per share from one fiscal year to the next is 9.4%. The next key events are the general meeting on July 4, followed by the semi-annual results on July 30, 2026.
