Sodexo Shares Soar Nearly 20% Over the Quarter, Defying Short Sellers

Deutsche Bank Raises Target to €53 Following Better-than-Expected Q3

Deutsche Bank today raised its price target on Sodexo from €50 to €53, while maintaining a 'hold' rating. The day before, CIC Market Solutions had kept its target at €45, changing from 'neutral' to 'hold'. These adjustments come after the group raised its annual growth forecast following a third quarter marked by an organic growth of 2.0%, as detailed in the third quarter accounts. At the current price of €52.85, the stock is practically at Deutsche Bank's new target and well beyond that of CIC. The consensus among analysts remains cautious: the recent rebound has filled the discount the stock previously showed, without triggering a recommendation upgrade to 'buy'.

Rebound Takes Stock 14.87% Above Its MM50, with Still High Cumulative Short

Today's progress extends a powerful movement: +14.57% over a month and +19.61% over the quarter. The price at €52.85 is now well above the MM50 (€46.01, gap +14.87%) and the MM200 (€46.61, gap +13.39%), a configuration that reflects a clear exit from a phase of underperformance. The RSI at 61 remains in a high zone without indicating overheating, while the resistance identified at €56.15 is the next technical milestone on the stock's path. According to consulted statements, eight funds accumulate a net short position of 5.69% of the capital, slightly down by 0.32 points over thirty days. This level remains high and signals that institutional investors remain positioned against the stock, a point to watch as the price rebound can mechanically put these positions under pressure.