Vicat Shares Pause After a 11% Surge Over a Week
The cement company from Isère pauses after several sessions of strong gains. The stock pulls back in an almost flat Parisian market, without undermining the underlying upward trend that has been shaping up since early June.
A Logical Consolidation After Last Week's Rally
Vicat shares fell 1.63% to €66.20 in early afternoon trading, while the SBF 120 edged up 0.07% and the CAC 40 remained stable. This movement comes after a very favorable sequence: the stock has gained 11.26% over a week and 8.88% over a month, having broken its resistance at €64.80 during the session on June 15, as documented in a previous brief. Today's consolidation leaves the price well above the 20-day moving average (MM20) of €62.20 (a +6.4% gap) and the 50-day moving average (MM50) of €62.95 (a +5.2% gap), but just below the 200-day moving average (MM200) of €66.99 (a -1.2% gap), which now acts as an immediate technical ceiling. The RSI at 65 indicates this tension: the stock is not yet in overbought territory, but it is approaching it after the surge in recent sessions.
CIC Market Solutions Maintains a Target of €81, Over 22% Potential
Regarding analyst opinions, CIC Market Solutions reaffirmed on June 16 its buy rating and its price target of €81, representing a potential of approximately 22.4% compared to the current price. The sector context also remains supportive: Brent crude fell 4.27% during the session to $79.62/barrel, after a cumulative decline of about 16.7% since June 7, which reduces fuel costs, a sensitive expense for a cement company. This energy easing follows the US-Iran agreement signed on the sidelines of the G7 in Évian, which includes the reopening of the Strait of Hormuz. The next technical benchmark to watch is the MM200 at €66.99, whose reconquest would validate the bullish exit started from the low of June 8 under €59.10.
