Valeo shares rebound 2%, still down 22% over the quarter

A rebound that leaves Valeo below its three moving averages

Valeo shares gain 2.19% to €11.42 intraday, while the SBF 120 rises 1.12%. The stock is nonetheless still down 15.5% over one month and 21.9% over three months, since the publication of its quarterly sales. It remains below its MM20 at €12.05 (a gap of 5.23%) and below its MM50 at €13.49.

The RSI at 38 is neutral, and the support at €10.92 lies about 4% below the share price.

One detail sheds light on this decline: at the publication of its Q3 2026 results on October 22, the group confirmed its annual guidance, with first-fit revenue down 3.8% in an automotive market down 1.6%.

The group also highlighted the return to growth at BRAIN and the outperformance of North America.

Jefferies lowers its target to €13.80 while keeping a buy rating

Jefferies has revised its price target to €13.80, down from €17.85 previously, while maintaining its buy rating. This new target implies a potential of about 21% relative to the current share price.

Running counter to the stock's trend, short positioning remains visible: according to the declarations consulted, 8 funds together hold 11.68% of the capital in net short positions, up 0.58 points over thirty days. This high level signals that a significant share of institutional investors remains positioned against the stock, without the recent gain marking a sharp reversal.

Looking ahead, the valuation stands at approximately 7.6 times current-year earnings, according to the consensus of the analysts covered.