Vicat share breaks below 58.80 € support level and slides to 58.20 €
The Isère-based cement manufacturer loses ground at mid-session, as the CAC 40 and SBF 120 both post significant declines amid heavy pressure on French debt. The move comes on the same day Vicat announces it is entering exclusive negotiations to take over a network of concrete plants from Cemex in the South-East, though this operation fails to support the share price.
A support level breached downwards in a tense market context
The Vicat share loses 1.68% to 58.70 € during the session, after breaking through its support threshold of 58.80 € intraday to fall to as low as 58.20 €. This downward breach worsens an already deteriorated configuration: the security is trading below its 20-day moving average at 61.32 €, its 50-day moving average at 63.29 € and its 200-day moving average at 66.59 €, representing a gap of over 12% below this latter long-term reference. The RSI at 42, in neutral territory, does not yet signal any particular selling exhaustion.
Over one month, the decline reaches 9.3%, confirming a downward trend in place for several weeks. The session reflects a Paris market under pressure: the CAC 40 declines 1.29% and the SBF 120 1.33%, against the backdrop of unprecedented tension on French debt. The yield on the ten-year OAT reached 4.86%, approaching its highest level since 2008 according to daily readings, while the spread with the German Bund reaches nearly 1.30 points, its highest level since 2012, in a context of budgetary uncertainty marked by the presentation of the 2027 budget draft at cabinet meeting today.
A structuring acquisition and unchanged analyst recommendation to buy
This Thursday, Vicat announced it is entering into exclusive negotiations to take over 48 concrete plants and 9 aggregates quarries from Cemex, spread across the Rhône Valley and the Provence-Alpes-Côte d'Azur region. The group specified that it has adjusted its financial leverage target for 2026-2027 to integrate this operation while preserving capacity for action for other targeted acquisitions. This announcement comes as CIC Market Solutions maintains a buy rating on the security with a price target of 81.00 €, representing an upside potential of nearly 38% compared to the current price.
Upon publication of H1 2026 results on July 30, the group had raised its annual objectives and targeted growth of +7% to +9% at constant scope and exchange rates, while warning of a more pronounced increase in energy costs in the second half. Based on expected earnings, the security trades around 8.8 times current fiscal year results according to the consensus of surveyed analysts, a level that incorporates persistent pressure on energy margins. The next technical benchmark to monitor remains the lower Bollinger band.
