Thales Shares Gain 2.2% to €241.50 Amidst Strong CAC 40 Rally
Thales shares have risen by 2.2% to €241.50 in early afternoon trading, as the CAC 40 index surged by 3.43%. The defense electronics group is benefiting from the overall rebound in the Paris stock market. The session is characterized by a drop in Brent crude prices, which is weighing on oil companies but supporting other market sectors.
A Still Fragile Technical Rebound Below Moving Averages
At €241.50, the stock is trading in the lower part of its Bollinger Bands, at 35% of the range, with a lower boundary at €218.99. The price remains below its 50-day moving average of €250.44 and its 200-day average of €245.19, signaling a weak trend that is not reversed by today's session. The RSI at 39 is neutral, showing no extremes. The technical support at €237.90, which was tested at the end of April, has not been breached. Over the past seven days, the stock has gained 4.5%, but it is still down 2.9% over three months. Today's rebound places the stock in a zone where resistance from the moving averages, clustered around €245-250, becomes the next visible hurdle.
Focus on the General Meeting on May 12
The next important date on the financial calendar is the general meeting on Tuesday, May 12, 2026. Shareholders will be called to vote on the usual resolutions, in a context where the group's commercial dynamics remain strong. During the first nine months of 2025, Thales confirmed its target for organic growth of 6% to 7% for the year, with expected revenue between €21.8 billion and €22.0 billion, and an adjusted EBIT margin of between 12.2% and 12.4%. The company was then anticipating a book-to-bill ratio greater than 1, indicating an expanding order book. The sectoral context remains favorable: the cooperation signed on April 20 between Thales Alenia Space, Airbus, and RADMOR on a military telecommunications satellite for Poland illustrates the sustained demand in defense. Regarding broker perspectives, Barclays raised its target to €270 in mid-April while maintaining caution, as noted in our recommendations follow-up.
