Vicat stock limits losses, -9.5% over one month despite today's rebound
The Isère-based cement manufacturer regains ground this Friday, following a difficult session that had seen it slip below its 58.80 € support level. The rebound occurs within a CAC 40 that advances 0.91% in trading, while exclusive negotiations announced yesterday on Cemex's concrete batching plant network in the Southeast continue to fuel attention on the stock.
A rebound that brings the price back into contact with the recovered 58 € support
Vicat gains 1.9% to 59.10 € in trading, after closing at 58.20 € the previous day in a Paris market under pressure. The stock nonetheless remains positioned below its three moving averages: the 20-day MA at 61.08 €, the 50-day MA at 63.21 € and the 200-day MA at 66.51 €, representing respective gaps of 3.24%, 6.50% and 11.14% above the current price. The RSI at 38 remains in depressed territory without reaching oversold threshold, signaling partial selling exhaustion but not yet a reversal signal.
The next notable resistance to overcome stands at 66.30 €, well above current levels. Over one month, the stock is down -9.77%, and over three months -6.78% — today's rebound erases only a fraction of this. The week remains virtually stable (+0.51%).
Cemex negotiations and CIC Market Solutions opinion support the fundamental case
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The fundamental context of the day is dominated by exclusive negotiations announced on October 1st to acquire 48 concrete batching plants and 9 aggregate quarries from Cemex in the Rhône valley and Provence-Alpes-Côte d'Azur region. The group has adjusted its financial leverage target for 2026-2027 to account for this transaction, while preserving room for maneuver for other targeted acquisitions. CIC Market Solutions maintains a positive opinion on the stock, with an unchanged price target of 81.00 €, reaffirmed on September 30 and October 1, representing potential upside of over 37% compared to the current price.
As a reminder, upon publication of H1 2026 results (July 30, 2026), the group had raised its annual targets with growth of +7% to +9% on a constant scope and exchange basis, while flagging an expected increase in energy costs weighted more towards the second half. Based on consensus analyst estimates, the stock trades at approximately 8.8 times current fiscal year earnings, a contained valuation relative to expected earnings per share growth of +11.8% year-over-year.
SectorConstruction et infrastructures›Matériaux de construction
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Context
Period
Period: S1 2026
Key reported figures
Revenue: 2 036 millions d'euros
Quarterly revenue: 2 036 millions d'euros
EBITDA: 366,5 millions d'euros
EBITDA margin: 18 %
Net income: 116,7 millions d'euros
Free cash flow: -36 millions d'euros
1 327 millions d'euros
Guidance from the release
Relèvement des objectifs 2026 ; croissance de +7% à +9% à périmètre et change constants
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
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
Outlook / guidance
Expected revenue: 4 162 millions d'euros
Management commentary: Croissance de +7% à +9% du chiffre d'affaires à périmètre et change constants.
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.