Thales, the CAC 40's laggard, down nearly 3% today
The defense and aerospace group sits at the bottom of the CAC 40, in a well-oriented Paris market. A new analyst rating is issued the same day, without halting the stock's slide.
An isolated stock in a sharply higher CAC 40, below its three moving averages
Thales fell 2.79% to €226.50 intraday, versus €233 the previous day, while the CAC 40 gained 1.51% and the SBF 120 rose 1.47%. Banking stocks led the index higher, with BNP Paribas up 5% and Société Générale up 4.83%, while defense remained on the sidelines.
The stock is also down 3.29% over one week and 10.76% over three months. It trades below its MA20 (a gap of -1.03%), its MA50 (-1.97%) and its MA200 (-5.85%), so that all three moving averages now sit above the price.
The MA200, at €240.58, is the furthest away. The support at €215.70 lies about 4.8% below the current price, while the resistance at €238.70 is more than 5% above. The RSI at 44 remains neutral.
Rothschild & Co Redburn at €255 and a well-filled order book
Rothschild & Co Redburn today issues a neutral rating on the stock, with a price target of €255, about 12.6% above the current price. Analyst ratings on Thales remain to be followed as they are published.
On the fundamentals, the group published on October 22 orders of €19,122 million over nine months, up 15% organically, for revenue of €16,422 million (+8.1%).
At the release of its nine-month 2026 results, it confirmed all its targets for the year and cited the strong commercial momentum in Space, notably the IRIS² constellation, among its opportunities. On November 2, its subsidiary AAC also won a US Navy contract against mines, worth up to $196.2 million with options, including $53.9 million for the initial tranche.
