Vinci Shares Hit a New Record High at 138.15 Euros
On Wednesday, Vinci's stock reached a historic high of 138.15 euros, surpassing the previous record set the day before. The increase is 0.58% compared to Tuesday's close, continuing a strong upward trend over recent weeks. BNP Paribas Exane has also raised its price target for the stock.
Strong Technical Indicators Support the Uptrend
Vinci's stock is now significantly above its 50-day and 200-day moving averages, both situated around 121.80 euros, representing a gap of over 13% from the current price. This setup reflects a firmly established ascending trend, with the stock having gained 16.58% over three months and 26.51% over a year. However, the Relative Strength Index (RSI), which measures the speed and magnitude of recent price changes, stands at 90, a rarely reached level indicating a pronounced overbought zone. This threshold suggests that the stock has experienced a rapid acceleration that might lead to a consolidation phase. By surpassing today's 138.15 euros, the stock has exceeded the old resistance at 137.35 euros, potentially paving the way for an extension of the movement, with the next upper limit close to the upper Bollinger Band at 140.09 euros.
Revised Target by BNP Paribas Exane Ahead of Record
The day before the new record, BNP Paribas Exane revised its target for the construction and concessions group upwards from 131 to 139 euros, while maintaining a neutral rating. At the current price of 138.15 euros, this target offers a very limited residual margin of less than 1%. The 'neutral' recommendation reflects a stance that considers the potential for revaluation as largely incorporated in the current levels. Regarding the schedule, Vinci's next key dates include the general assembly scheduled for April 14, 2026, followed by the quarterly information release on April 23. These events could provide new insights into the group's activity in the first quarter and its outlook for the remainder of the fiscal year.
