Vicat Stock: Drops Over 2% Despite Upgraded Price Target by Alphavalue
Vicat shares fell by 2.28% this Thursday at midday, trading at 73.00 euros compared to 74.70 euros the previous day. This decline occurs even though Alphavalue significantly raised its price target on the stock in the morning. Over one year, the shares of the Isère-based cement company still show a remarkable increase of more than 62%.
On February 26, the analysis firm Alphavalue revised its price target for Vicat, increasing it from 68.50 euros to 81.40 euros, which represents a potential revaluation of about 11.5% compared to the current price of 73.00 euros. However, the recommendation remains at 'reduce', indicating a still cautious stance despite the significant target upgrade. This new target is close to the resistance threshold identified at 81.20 euros, a technical ceiling that the stock has not approached in recent weeks.
The next important dates for the company based in L'Isle-d'Abeau will be the general meeting scheduled for April 10, 2026, followed by the publication of the first quarter revenue on May 4. These events could provide better visibility on the operational dynamics of the cement manufacturer.
Current Session Further Weakens Vicat's Position
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Today's session further depresses Vicat's price below its 20-day and 50-day moving averages, positioned at 76.05 euros and 76.35 euros respectively. This positioning below these two benchmarks signals a weakening of the short-term momentum, especially since the RSI, an indicator measuring the speed of price movements, is at 45, which is in the neutral zone but trending downwards. The nearest support is at 70.70 euros, close to the lower boundary of the Bollinger Bands at 70.46 euros, marking a key area to watch if the decline continues.
In the longer term, the picture remains much more positive: the 200-day moving average stands at 64.97 euros, nearly 11% below the current price, demonstrating the strength of the upward trend over the past twelve months. The annual performance of 62.58% places Vicat among the most significant gains in the construction materials sector on the Parisian market. The drop in today's session is part of a consolidation phase after the strong advance recorded over the past year.
SectorImmobilier / construction · Industrie · Matériaux / matières premières · BTP / infrastructures›Ciment
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Context
Period
Period: 1S2026
Key reported figures
Revenue: 2036M€
EBITDA: 367M€
EBITDA margin: 18,0%
Net income: 133M€
Free cash flow: -36M€
1327M€
Guidance from the release
Une nouvelle fois, le Groupe livre de solides résultats, portés par des hausses de prix dans la quasi-totalité des géographies, la confirmation de la reprise des volumes aux États-Unis et la très bonne dynamique des pays émergents.
Vicat affiche une croissance organique du chiffre d'affaires de +10,8 % (+8,0 % en publié, effet de change défavorable de -69 M€) et un EBITDA en hausse de +13,6 % à périmètre et change constants, avec une marge portée à 18,0 %. La performance est tirée par l'Afrique (Sénégal, four 6), le Brésil, l'Égypte et le Kazakhstan, tandis que l'Europe reste résiliente et que les États-Unis et l'Inde reculent en rentabilité. Le cash-flow libre est négatif à -36 M€ du fait de la saisonnalité et du besoin en fonds de roulement, mais l'endettement net baisse sur un an à 1 327 M€ (leverage 1,65x). Les objectifs 2026 sont relevés.
Risks mentioned
Hausse des coûts de l'énergie devant se matérialiser davantage au second semestre
Effets de change défavorables (dollar, roupie indienne, livres turque et égyptienne)
Visibilité limitée aux États-Unis et en Inde, prix volatils et concurrence tendue
Contexte géopolitique au Moyen-Orient pouvant affecter l'activité et la logistique
Opportunities identified
Contribution en année pleine du four 6 au Sénégal améliorant les coûts de production
Hausses de prix annoncées aux États-Unis à compter de l'été
Acquisition d'Araïko renforçant les capacités en intelligence artificielle industrielle
Demande liée aux data centers dans le Sud-Est des États-Unis
Projet Catch4climate : démarrage du démonstrateur oxyfuel de seconde génération
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.