Scor SE share falls 2.5% and tests its 50-day moving average
The Paris-based reinsurer declines significantly on Monday, while the SBF 120 remains relatively flat. The decline brings the stock to its 50-day moving average, a technical threshold closely watched after several weeks of gains.
Scor SE drops below its 20-day MA and meets resistance at €32.98 support
The Scor SE share falls 2.24% to €33.14 during the session, ranking among the largest declines in the SBF 120, with the index showing virtually no change (+0.08%). The stock slips below its 20-day MA, set at €33.98, with a gap now of 2.47%. Conversely, it comes into contact with its 50-day MA at €33.19, with the gap down to just 0.15%, a threshold at which the share had found support during previous periods of weakness.
The RSI at 58 remains in neutral territory, far from signaling excessive selling pressure, leaving open the question of a continued decline toward the €32.98 support level. In case of a rebound, resistance lies at €34.68, approximately 4% above the current price.
A decline that brings the stock to an attractive P/E ratio, against the backdrop of global inflationary risk
Over one year, Scor SE still shows a performance of over 20%, and Monday's decline merely reduces a quarterly gain of 8.5%. According to the consensus of analysts tracked, the stock trades at approximately 7.5 times expected earnings for the current fiscal year and 7.3 times for the following year, with earnings per share growth projected at +3.5% from one fiscal year to the next. The macroeconomic backdrop weighed on all financial stocks on Monday: Brent trades around $97 per barrel following a weekly gain of nearly 8% linked to tensions in the Strait of Hormuz, reviving expectations of persistent inflation.
The Fed also faces a robust labor market (162,000 job creations in August in the United States) and futures contracts now incorporate a majority probability of a rate hike at the FOMC on September 15-16. For a reinsurer whose economic models are historically sensitive to inflation, this environment of persistently restrictive rates warrants close monitoring. When the group published its Q1 2026 results on May 6, the Chief Executive Officer had expressed confidence in the group's ability to achieve its 2026 targets — guidance that will soon be tested by price data next week.
