Vicat share falls below its 20-day moving average but maintains +8.5% gain over three months

A decline that places Vicat below its 20-day moving average, in contact with its 50-day moving average

The Vicat share loses 2% during the session at €63.80, in an SBF 120 that declines by 1.81%. The security thus finds itself below its 20-day moving average (€64.84), with a gap of -1.60%, after moving back above it during the rebound of last Thursday and Friday. It remains, however, in contact with its 50-day moving average at €64.00, the gap being only -0.31%.

The RSI at 51 reflects a neutral configuration, without any particular signal of exhaustion in either direction. Over the week, the security declines by 2.6%, while over three months the performance remains positive at +8.5%, a sign that the underlying bullish movement initiated since summer remains intact despite recent fluctuations. The support level at €61.60 constitutes the next downside reference to monitor if selling pressure were to intensify.

Moderate valuation and 2026 guidance confirming moderate growth

From a fundamental perspective, Vicat is trading at approximately 9.6 times the expected earnings for the current fiscal year, according to the consensus of surveyed analysts, and at 8.5 times those of the following fiscal year, with expected earnings per share growth of nearly 12% from one fiscal year to the next. These multiples remain measured for a group whose operational strength was reaffirmed during the publication of Q1 2026 on May 4, when management had indicated it aimed for moderate growth in revenue and EBITDA on a constant scope and exchange basis. Furthermore, the investment of nearly €7 million realized with Derichebourg in an alternative fuel unit in Meuse, announced in early September, illustrates the group's strategy for controlling energy costs, which is among the risks identified in recent publications. The resistance level at €68.70 constitutes the next bullish threshold to overcome for the security to regain a more pronounced momentum.